What is financial aid?
A. Financial aid refers to federal, state and private resources that may help pay for college costs. Typically financial aid consists of grants, scholarships, loans and student employment. Grants and scholarships do not have to be repaid. Loans must be repaid with payments usually beginning after the student is no longer enrolled at least half time. Student employment consists of opportunities for students to earn money to pay for educational expenses. Q.
A. Financial aid refers to federal, state and private resources that may help pay for college costs. Typically financial aid consists of grants, scholarships, loans and student employment. Grants and scholarships do not have to be repaid. Loans must be repaid with payments usually beginning after the student is no longer enrolled at least half time. Student employment consists of opportunities for students to earn money to pay for educational expenses.
• Financial aid is money available to assist students with the costs of attending college. • Financial aid comes from the federal government, state government, the College, and from private sources in the form of loans, grants and scholarships. Grants and scholarships are assistance you don’t have to pay back. Loans are borrowed money that you must repay with interest. Only 5% of the JFKU students are eligible for the free money – grants and scholarships.
