Final answer:
Non-degree candidates must research the specific rules of scholarships from various sources, understand the differences between grants and loans (including subsidized and unsubsidized loans), and evaluate work-study opportunities as well as learn how to complete the FAFSA.
Step-by-step explanation:
Non-degree candidates who receive scholarships might be subject to specific rules depending on the source of the scholarship. For example, when evaluating scholarships from state governments, schools, private companies, nonprofits, and professional organizations, it is crucial to research and understand the eligibility criteria, which may include enrollment in a certain number of credit hours, pursuing specific educational pathways, or meeting other unique requirements set by the scholarship provider.
Comparing different financial aid options is essential. The main differences between grants vs. loans are that grants do not have to be repaid while loans do. Furthermore, subsidized loans are offered based on financial need and the government pays interest while you are in school at least half-time, during the grace period, and during deferment periods. Unsubsidized loans are not based on financial need and interest accrues from the time the loan is disbursed.
For those interested in work-study program opportunities, it is advisable to evaluate how these programs can complement scholarships to cover education costs. Students should also know how to complete the Free Application for Federal Student Aid (FAFSA) to explore various financial aid options available through the United States Department of Education.