Q: What exactly is federal aid? I am getting ready to apply to colleges, and am having a hard time finding the answer to this. Does it just mean government or federal student loans?
A:This is a great question, and the answer is actual quite simple. The term federal student aid does not just apply to federal student loans, although student loans are part of it.
Federal student t aid is made up of:
1. Student Loans (which you will be reasonable for paying back with interest)
2. Grants (which unlike student loans do not have to be repaid)
3. Work Study Program (where you earn money towards your education)
Hope this helps clear up some of the confusion you had related to federal student aid!
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