Student Financial Aid Types You Should Know

There are many types of financial aids offer to college and university students. While a few are gifted aids and do not need to be paid back; others are provided as a loan and need to be paid back after the completion of the education program. In general, student financial aids are grouped in below categories:

• Grant
  
• Fellowship
  
• Scholarship
  
• Loan
  
• Work Study
  
• Waiver

What are the differences between these financial aids? Many people confuse especially on grant, fellowship and scholarship. Let's take a brief look on these financial aids. Grant, Fellowship & Scholarship A grant is a gifted financial aid for a student that does not have to be paid back. Fellowship is a fund awarded to a gradua View the rest of this article