Very few families can afford to pay for college without help. That’s why there’s FINANCIAL AID—money provided to students to help their families pay for their college education.
Scholarship: Money given to a student for good grades, sports or having a special talent. YOU DON’T HAVE TO PAY THIS MONEY BACK.
Loan: Money that a student or parent borrows for college. The student MUST PAY THIS MONEY BACK when they are finished with college.
Grant: Money given by the government for students who are not able to pay for college. YOU DON’T HAVE TO PAY THIS MONEY BACK.
Financial Aid Office: Every college or university has a financial aid office that can help you answer questions on getting money for college!