Grants and Scholarships Scholarship and grant money does not have to be repaid. It can be awarded at the federal and state level, as well as by colleges or private organizations. Remem-ber, there are numerous grants and scholarships available, including many for specific career fields and some that do not require any academic work.
Work-Study Program This can work in a couple of different ways, but the basic premise is for students to pay for their tuition by working. Some students have the opportunity to work for a company that is in connection to their major, while others will work campus or university jobs. Aid can be provided through a private organization or through the Federal Work-Study program.
This assistance must be repaid after graduation with interest. Most loans have flexible repayment plans, including monthly payments, grace periods, and reasonable interest rates.
Publication date: 10/16/2000