Scholarships, Grants, and Loans

What is the main difference between a grant and a scholarship?

• Grants are given to students who excel academically, while scholarships are given to students who need financial help.

• Grants are given to students who need financial help, while scholarships are given to students who excel academically.

• Grants are given to students who participate in sports or community service, while scholarships are given to students who need financial help.

• Grants are given to students who have a disability, while scholarships are given to students who excel academically.

Which of the following is a type of financial aid that DOES have to be paid back?

• Grants

• Scholarships

• Loans

• Work-study programs

What is the purpose of interest in loans?

• To make it easier for students to pay back the loan

• To provide additional financial assistance to students

• To ensure that students are motivated to repay the loan

• To compensate the lender for lending the money

Where does most of the money for grants come from?

• Private organizations

• State government

• Federal government

• Colleges and universities

Which of the following grants is specifically for students with disabilities?

• Pell Grants

• FSEOG Grants

• TEACH Grants

• Iraq and Afghanistan Service Grants

Which of the following grants is specifically for students pursuing a career in education?

• Pell Grants

• FSEOG Grants

• TEACH Grants

• Iraq and Afghanistan Service Grants

Which type of financial aid is easier to obtain?

• Grants

• Scholarships

• Loans

• Work-study programs

What factors might be considered when applying for a grant?

• Academic performance

• Financial need

• Participation in sports or community service

• All of the above

Which of the following is NOT a type of grant mentioned in the article?

• Pell Grants

• TEACH Grants

• Federal Supplemental Educational Opportunity Grants (FSEOG)

• Stafford Loans

Who is more likely to receive a scholarship?

• A student with a high GPA

• A student with a low GPA

• A student with a disability

• A student from a low-income family