What are the 4 types of financial aid available in regards to education?

The four main types of financial aid available for education are federal grants, loans, scholarships, and work-study programs.

1) Federal Grants:

- Do not have to be repaid unless you withdraw or drop out before completing your program.

- The most common types of federal grants are the Pell Grant and the Supplemental Educational Opportunity Grant (SEOG).

2) Federal Loans:

- Need to be repaid with interest.

- The most common types of federal loans are Direct Subsidized Loans and Direct Unsubsidized Loans.

3) Scholarships:

- Do not have to be repaid.

- Awarded based on a variety of criteria such as academic achievement, financial need, or special talents.

4) Work-Study Programs:

- Part-time jobs that allow you to earn money to help pay for your education.

- Examples of work-study programs are tutoring, working in the library, or helping with research projects.