When it comes to education, there are many areas to account for. One of the most important, depending on your financial situation, is financial aid. You should also know that there are different subcategories that, as a future student, you should research so that you know which one is best for you. Here are the 4 categories of financial aid detailed by Robert Jain. Regardless of what you choose, it will help you cover many of the expenses associated with education.
Grant - Unlike other forms of financial aid, as we'll discuss later, grants do not have to be paid. More often than not, they're provided to groups that are in dire need of it, either due to their education, personal situations, or what have you. Seeing as how grants are highly sought after, you may find it difficult to apply for one. Nonetheless, this is one of the many possible options that names like Bob Jain can tell you about.
Scholarship - If a high school student has a remarkable grand point average or is heavily involved in sports, they might be able to benefit from a scholarship. One of the reasons this type of financial aid is beneficial is, much like grants, repayment isn't needed. Furthermore, it will provide significant aid, reducing what a student would have to pay otherwise. Some scholarships will require additional tasks, like essay writing, so be mindful of the guidelines of the opportunity you'd like to try for.
State Aid - Unlike the other forms of financial aid, state aid must be repaid at a later date. Not only do the guidelines associated with this type of aid vary by state, but students are usually tasked with paying it off sooner. This is one of the reasons why fewer students choose this, as they are more likely to go with federal aid, which will we discuss next. Nonetheless, this is another option that's worth looking into if you're curious.
Federal Aid - This is the most common form of financial aid that students apply for, and it's likely that you will apply for it as well. In fact, did you know that billions of dollars in aid will be provided by the government on a yearly basis? For students that plan on applying, understand that the amount you take out will vary depending on your campus and how much tuition you'll ultimately have to cover. Research matters when it comes to federal aid.
Grant - Unlike other forms of financial aid, as we'll discuss later, grants do not have to be paid. More often than not, they're provided to groups that are in dire need of it, either due to their education, personal situations, or what have you. Seeing as how grants are highly sought after, you may find it difficult to apply for one. Nonetheless, this is one of the many possible options that names like Bob Jain can tell you about.
Scholarship - If a high school student has a remarkable grand point average or is heavily involved in sports, they might be able to benefit from a scholarship. One of the reasons this type of financial aid is beneficial is, much like grants, repayment isn't needed. Furthermore, it will provide significant aid, reducing what a student would have to pay otherwise. Some scholarships will require additional tasks, like essay writing, so be mindful of the guidelines of the opportunity you'd like to try for.
State Aid - Unlike the other forms of financial aid, state aid must be repaid at a later date. Not only do the guidelines associated with this type of aid vary by state, but students are usually tasked with paying it off sooner. This is one of the reasons why fewer students choose this, as they are more likely to go with federal aid, which will we discuss next. Nonetheless, this is another option that's worth looking into if you're curious.
Federal Aid - This is the most common form of financial aid that students apply for, and it's likely that you will apply for it as well. In fact, did you know that billions of dollars in aid will be provided by the government on a yearly basis? For students that plan on applying, understand that the amount you take out will vary depending on your campus and how much tuition you'll ultimately have to cover. Research matters when it comes to federal aid.
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