Paying For College

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What is a scholarship?

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A scholarship is a financial award given to a student to help pay for their education, often based on academic or other achievements.

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What is a grant?

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A grant is a sum of money given by an organization, often the government, to help pay for education that does not need to be repaid.

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What is a loan in the context of education?

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A loan is money borrowed that must be repaid, usually with interest, often used to pay for college expenses.

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What is work-study?

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Work-study is a program that allows students to work part-time while attending college to help pay for their education.

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What is the benefit of having a college degree?

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Having a college degree can lead to higher lifetime earnings and expanded professional and social networks.

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What is the difference between a scholarship and a grant?

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Both scholarships and grants provide financial aid that does not need to be repaid, but scholarships are often awarded based on merit, while grants are typically based on financial need.

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What is the purpose of financial aid?

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Financial aid helps students pay for their education, making college more accessible and affordable.

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What is a federal student loan?

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A federal student loan is a loan provided by the government to help students pay for college, with terms and conditions set by federal law.

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What does 'in-state tuition' mean?

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In-state tuition is a lower tuition rate charged to students who are residents of the state where the college is located.

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What is a community scholarship?

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A community scholarship is a financial award given to students by local organizations or community groups, often based on community service or local involvement.