Employment and Education Answers

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Which statement best explains a grant?

A grant is money awarded to a student, usually based on financial need.

A grant is aid given to a student by an institution, often based on academic success.

A grant is money borrowed by a student to pay for an education that will need to be repaid.

A grant is the price of attending classes at a school.

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Besides the cost of tuition, what additional educational expenses must students pay? Check all that apply.

housing

meals

supplies

textbooks

classes

What is one benefit of privately issued student loans?

They are issued in cooperation with the student’s university to reduce costs and paperwork.

They have lower interest rates and can be paid back with lower out-of-pocket costs.

They are backed by the US government to ensure greater financial security.

They are available to any student who meets lending standards, regardless of financial need.

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