Grants and Scholarships Quiz

What are grants and scholarships?

• Types of financial aid that need to be repaid

• Types of financial aid that do not need to be repaid

• Types of student loans

• Types of work-study programs

What is the main difference between grants and scholarships?

• Grants are need-based, while scholarships are merit-based

• Grants are merit-based, while scholarships are need-based

• Grants are awarded by private organizations, while scholarships are awarded by the federal government

• Grants are awarded based on athletic abilities, while scholarships are awarded based on academic abilities

Where can you find scholarships?

• Only at your college's financial aid office

• Only through local civic groups and businesses

• Only through non-profit organizations and professional associations

• Through various sources such as your college's financial aid office, local community, and more

Do you have to pay to find or receive scholarships?

• Yes, you have to pay a fee to find and receive scholarships

• No, you should never have to pay to find or receive scholarships

• Yes, but the fee is usually minimal

• No, but there might be some hidden costs

What is the purpose of completing the FAFSA?

• To apply for federal grants

• To apply for state grants

• To check your eligibility for scholarships

• All of the above

Why should you complete your FAFSA early?

• To increase your chances of receiving federal aid

• To avoid missing out on state grants

• To have more time to prepare for scholarships

• To secure a work-study program