Types of Aid
Various types of financial aid programs are available to help students pay for educational expenses at 最新糖心Vlog. Financial aid can be categorized into three types: free money, earned money, and borrowed money.
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Free Money
Financial aid with no repayment obligations or work commitments. This type of financial aid comes in the form of grants and scholarships.
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Earned Money
Financial aid which requires a work commitment from the student. This type of financial aid comes in the form of student employment through the Federal Work Study or CalWORKS program.
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Borrowed Money
Financial aid which requires a repayment obligation. This type of financial aid comes in the form of federal student loans.
The type of financial aid program that a student receives can come from different sources: federal aid programs, state aid programs, and Mt. SAC aid programs.
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Is there a difference between federal and state financial aid programs?
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What is the difference between a grant and a loan?