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When looking at a financial aid award letter, which type of aid would you have to pay back? a) Federal work-study b) merit scholarship c) federal pell grant b) Perkins loan
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11 votes
11 votes
When looking at a financial aid award letter, which type of aid would you have to pay back?

a) Federal work-study
b) merit scholarship
c) federal pell grant
b) Perkins loan

User Andrew Farrell
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1 Answer

10 votes
10 votes

Answer:

There are four components you need to consider: Yearly costs, such as tuition, fees, books, room and board, travel expenses, etc. Financial aid that you don't have to pay back, such as scholarships, grants, and work-study. Financial aid that you do need to pay back, such as as federal loans.

Step-by-step explanation:

I hope this helps!

User Jmini
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