College Financial Aid Breakdown
Have you recently received your college financial aid package?
Are you scratching your head trying to figure out what exactly is being offered?
The confusion many parents and students feel when viewing their college financial aid awards comes from understanding what is free money (scholarships, grants) and what “aid” must be paid back (student loans).
Kim Kane, Director of Student Finance at Carrington College, explains:
Learning how to pay for college can be a confusing process, and trying to understand the different forms of financial aid when you’re balancing classes, tests and homework only causes more stress. To help you succeed, here’s a look at the differences between scholarships, grants and loans.
Use this infographic created by Carrington College to help you sort out your financial aid confusion: