Types of Aid

Federal student aid includes:

• Scholarships: doesn't have to be repaid, usually awarded based on specific criteria (academic, extracurricular activities, college major, ethnic or religious affiliation, etc.)
• Grants: doesn’t have to be repaid, usually awarded based on financial need
• Loans: borrowed money for college or career school; you must repay your loans, with interest
• Work-study: a work program through which you earn money to help you pay for school