hi i'm mariana here to talk to you about financial aid first of all what is financially financial aid is money lent or given to students to help pay for college for those who qualify financial aid comes from grants scholarships and loans let's discuss the difference between these options financial aid from grants
does not have to be repaid many students get grants most grants are based on financial need this can be determined by the information provided on your free application for federal student aid or fafsa the pale grant is the most commonly awarded federal grant some states offer grants and scholarships for residents
attending school in their state scholarships can be merit based but some might be need based merit base means that they are awarded to students who meet certain qualification if you receive any scholarships be sure you are aware of the conditions you need meet to continue to receive aid everyone thinking about containing his or her education should
apply for grants and scholarships before you apply please read all the rules and requirements regarding your application many companies foundations community organizations and clubs sponsor grants or scholarships getting financial aid through grants and scholarships can help you for school however they rarely cover the entire cost many people also apply for loans
loans unlike grants and scholarships you need to be repaid loans can come from the federal government or private source like a bank each type of loan has its different interest rates and payment structures so it's important you understand the terms before accepting one for more information about the financial aid and which option is available for you please
contact your campus.
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