At a 5 percent rate, this federally-funded loan has relatively low interest and you
have up to 10 years to repay it. If you are at least a half-time college student, you
Always apply for "free" financial aid—grants and scholarships—first. Free
financial aid (sometimes called "gift aid") is the type that you do not need to pay
The best types of financial aid are those you don't have to pay back after you
graduate ... Grants are like gifts and are usually awarded to students with the
Here are seven important things you should know about financial aid. ... Grants
and scholarships: money you don't have to pay back; Work-study jobs: paid, ...
Apr 21, 2016 ... According to the U.S. Department of Education, grants are typically a form of
need-based aid that you don't have to pay back in most cases.
Work study is paid to you (the student) for work you actually do while you are
enrolled in college (and doesn't have to be paid back). Any grants or
If you come from a low-income family, you may also be eligible for a grant (which
you don't have to pay back). The amount of money you receive is dependent on ...
In most cases, recipients do not have to repay grants. The most common types of
grants that individuals receive are educational grants. However, there are a few ...
Institutional grants are all grants that do not come from the federal government. ...
You don't need to pay back your grant, as long as you meet the qualifications ...
Jan 4, 2013 ... Did you know that dropping out of school often means paying back financial aid?
... pay back a portion of their federal-aid funds such as the Pell Grant. ...
government feels that students should have to “earn” their financial aid.