Which of the following is listed as a type of financial aid?

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Study for the Dual Enrollment New Student Orientation Exam. Prepare with flashcards and multiple choice questions, each with hints and explanations. Get ready for your exam!

Multiple Choice

Which of the following is listed as a type of financial aid?

Explanation:
The main idea is that some financial help for college does not have to be repaid. Gift aid is the label for that non-repayable assistance. It includes money awarded as scholarships and grants, which come from colleges, governments, or organizations and don’t need to be paid back. Loans, by contrast, are a form of aid that must be repaid, usually with interest. So this item highlights gift aid because it points to the category of money students receive that doesn’t require repayment, rather than funds that must be repaid. Scholarships and grants are common examples of gift aid, while loans do not fit the same non-repayable category.

The main idea is that some financial help for college does not have to be repaid. Gift aid is the label for that non-repayable assistance. It includes money awarded as scholarships and grants, which come from colleges, governments, or organizations and don’t need to be paid back. Loans, by contrast, are a form of aid that must be repaid, usually with interest. So this item highlights gift aid because it points to the category of money students receive that doesn’t require repayment, rather than funds that must be repaid. Scholarships and grants are common examples of gift aid, while loans do not fit the same non-repayable category.

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