merit-based / scholarship / grant ?

happymomof1
Sun, 27 Apr 2008 10:29:35 +0000

Go to [FinAid! Financial Aid, College Scholarships and Student Loans](http://www.finaid.org) and read it all. That will help you get some of this straightened out.

scholarships and grants are money that you don’t have to pay back
loans have to be paid back
some financial aid (loans, grants/scholarships, work-study) is awarded based on financial need as determined by the college
some financial aid (usually grants/scholarships) is awarded based on “merit” as determined by the college or by another organization awarding that aid