What term describes money that is given or lent to students to help pay for their education?

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Multiple Choice

What term describes money that is given or lent to students to help pay for their education?

Explanation:
Money given or lent to students to help pay for education is called financial aid. This broad category includes grants and scholarships (which don’t have to be repaid), loans (which must be repaid with interest), and work-study (earnings from working while in school). The description points to the overall concept of aid used to pay for education, not a single form, so financial aid is the best fit.

Money given or lent to students to help pay for education is called financial aid. This broad category includes grants and scholarships (which don’t have to be repaid), loans (which must be repaid with interest), and work-study (earnings from working while in school). The description points to the overall concept of aid used to pay for education, not a single form, so financial aid is the best fit.

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