Final answer:
The interest rate on financial aid is quantitative continuous, as it can take any value within a continuous range and is not simply countable numbers.
Step-by-step explanation:
The interest rate charged on financial aid can be categorized as either quantitative discrete or quantitative continuous, depending on how it is measured. Quantitative discrete data refers to numeric values that can be counted and have a finite number of possibilities.
An example of this would be the counting of the number of disbursements. On the other hand, quantitative continuous data includes numeric values that fall on a continuous scale and can take on any value within a range, such as measuring the exact amount of interest accruing over time.