WorksheetsTypes of Financial Aid
Total questions: 20
Worksheet time: 11mins
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
You were a high school athlete. The university is paying your tuition while you play on the college team.
Work Studt
Scholarship
Grant
Loan
Your parents borrowed money through a U.S. government program for parents of college students.
Work Study
Scholarship
Grant
Loan
You were raised by a single parent. Your family income qualified you to receive a need-based award from the U.S. government.
Work Study
Scholarship
Grant
Loan
You are going to school to study voice performance, and receive $1,000 per semester because you sing in the college choir.
Work Study
Scholarship
Grant
Loan
You work 20 hours per week in the library at your college.
Work Study
Scholarship
Grant
Loan
Your family qualified for a federal government program that reduced the interest on the money you borrowed to pay for college.
Work Study
Scholarship
Grant
Loan
You receive a $1,000 award to help pay for college from a local community organization in recognition of your volunteer activities.
Work Study
Scholarship
Grant
Loan
Your other financial aid did not cover all of your college costs, so you borrowed money from a private lender.
Work Study
Scholarship
Grant
Loan
You work in the college's computer lab three days per week.
Work Study
Scholarship
Grant
Loan
Your PSAT scores qualified you as a National Merit Scholar. Several schools have offered you money based on your accomplishments and test readiness.
Work Study
Scholarship
Grant
Loan
