Paying for College: Financial Literacy Strategies

He needs to pay back the financial aid plus interest.

He will receive a grant.

He must repay his scholarship.

He has to find a job immediately.

Savings Plan

Work-Study

Student Loan

Scholarship

Immediately after the loan is taken out.

After graduation.

During the loan application process.

When you start your first job.

They have no interest.

Interest accrues immediately.

They do not need to be repaid.

They are only for graduate students.

To qualify for student loans and grants.

To open a savings plan.

To apply for a work-study program.

To apply for a scholarship.

They do not require repayment.

They are only for academic excellence.

They need to be repaid with interest.

They cover only tuition fees.

It has to be repaid after graduation.

It provides work experience.

It accrues interest.

It does not require repayment.

A non-repayable grant from the government.

A scholarship for athletes.

A loan that must be repaid with interest.

A work-study program.

To offer students loans.

To help students earn money for personal expenses.

To provide students with work experience only.

To assist students in paying for their education.

Student Loan

Scholarship

Both B and C

Work-Study