Grants are funding
awards that do not have to be repaid. All education grants
are based on financial need, and are basically gift money
from some funding source – usually the government,
your school, or a private / non-profit entity.
Grants are need-based programs
and are awarded depending on the financial need of your
family. It is important to exhaust all forms of available
financial aid, including grants, before you decide to take
out a loan that must be paid back.
The most common, well-known types
of education grant programs include:
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