Types of Financial Aid

What are the 4 types of financial aid?

• Loans, Scholarships, Grants, and Work-Study

• Gifts, Loans, Credit Cards, and Debit Cards

• Scholarships, Credit Cards, Job, and Grants

You don't have to pay scholarships back.

• True

• False

You don't have to pay your student loans.

• True

• False

What is the type of financial aid, that helps you get a job on campus?

(a)  

You are an education major, and part of your financial aid is the money you earn as a tutor.

• Work Study

• Grant

• Scholarship

• Loan

You receive $500 from the local cultural society.

• Work Study

• Scholarship

• Grant

• Loan

Your father lost his job and the family's income became much lower. You received money from the government to pay for college.

• Work Study

• Scholarship

• Grant

• Loan

You borrowed money through a federal program to pay for your education this year.

• Work Study

• Scholarship

• Grant

• Loan

You entered your painting in a contest and won $750 to pay for your college expenses.

• Work Study

• Scholarship

• Grant

• Loan

You work in an office on campus after class every day.

• Work Study

• Scholarship

• Grant

• Loan