What are the Different Types of Financial Aid For Students?
Financial aid for students entering college comes in two separate categories, either in the form of an award, or on a self-help basis. Financial aid for students in the form of an award does not need to be paid back. Awards include aid provided by educational institutions or charitable organizations in the form of scholarships. Self-help aid includes government backed loans, as well as work-study programs. Grants and scholarships that do not need to be repaid are wonderful forms of financial aid for students. These are generally awarded to the student based on the student’s academic record, leadership skills, or athletic ability. The qualifications needed for a grant or scholarship tend to be very competitive, since the quantity of the awards is strictly limited. Some grants and scholarships are very specifically limited to candidates from specific ethnic, religious, or geographic backgrounds. Students may apply for self-help aid in the form of a student loan or a work-study program. L
Financial aid for students entering college comes in two separate categories, either in the form of an award, or on a self-help basis. Financial aid for students in the form of an award does not need to be paid back. Awards include aid provided by educational institutions or charitable organizations in the form of scholarships. Self-help aid includes government backed loans, as well as work-study programs. Grants and scholarships that do not need to be repaid are wonderful forms of financial aid for students. These are generally awarded to the student based on the student’s academic record, leadership skills, or athletic ability. The qualifications needed for a grant or scholarship tend to be very competitive, since the quantity of the awards is strictly limited. Some grants and scholarships are very specifically limited to candidates from specific ethnic, religious, or geographic backgrounds.
