Good morning. I’m so pleased to be here today to talk with you about financial aid and scholarships. These two topics are incredibly important for students, especially those in college, as they can provide assistance that helps make education more accessible.
When it comes to financial aid, there are three main types: grants, loans, and work-study programs. Grants are usually based on need or merit and don’t have to be paid back; a common example is the Federal Pell Grant. Loans are borrowed money that has to be paid back with interest; Federal Direct Loans from the government are often used by college students. Finally, work-study programs allow students to earn money by working part-time on campus or at an approved off-campus site.