Paying For College

Front

What is Work Study?

Back

A financial aid program in which a college student works to pay money towards their tuition.

Front

What is a Loan?

Back

Money borrowed from the government or private organizations that must be paid back.

Front

What is a Grant?

Back

A type of financial aid provided by the government or corporations that does not need to be repaid.

Front

What is a Scholarship?

Back

A form of financial aid that does not need to be repaid, often awarded based on academic or other achievements.

Front

What is Financial Aid?

Back

Monetary assistance provided to students to help cover the costs of their education.

Front

What is the difference between a Grant and a Loan?

Back

A grant does not need to be repaid, while a loan must be paid back with interest.

Front

What is the purpose of Work Study Programs?

Back

To allow students to work and earn money to help pay for their education.

Front

What is Interest in terms of loans?

Back

The cost of borrowing money, usually expressed as a percentage of the loan amount.

Front

What is an Internship?

Back

A temporary position that provides practical experience in a particular field, often unpaid or low-paid.

Front

What is Financial Borrowing?

Back

The act of obtaining money from a lender with the agreement to pay it back later.