What does federal aid consist of? | 07.20.09

Posted in FAFSA, Federal Work-Study, Financial Aid, Stafford Loan By Student Loan Network Staff

When you hear the term “federal student aid” that can be classified into one of three categories.

Grants: Free money that doesn’t have to be repaid, except in some cases when you withdraw from school.

Work-study: You earn money to pay for your education.

Loans: You borrow money for school, which you must repay with interest.

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