4 Types of Federal Student Aid For Education

By  Damian  |  Feb 26, 2024

College can be expensive, but there are many ways to help pay for it.

Financial aid can come in the form of grants, scholarships, work-study programs, and loans.

A grant is a type of financial aid that does not need to be repaid.

There are other government grants >  Pell Grants  >  Govt. Supplemental Educational  Opportunity Grants.  > TEACH Grants. > Iraq and Afghan Service Grants.

Scholarships: This form of free money, that is sometimes granted based on academic achievement, ability, or a specific field of study.

Work-Study Jobs: The Federal Work-Study Programme lets you earn money for education while working part-time. You will make at least the current federal minimum wage.

Your entire work-study reward depends on the following: >  When applying >  Your financial need >  School's financing levels.

Loans: A loan is money that you borrow and must repay with interest.

Federal Financial Aid

Federal student aid from ED covers such expenses as tuition and fees, housing and food, books and supplies, and transportation. 

Check  Best Online Colleges in Texas 2024 with Acceptance Rate