Financial Aid

This is the first 1,000 characters of 505 words (2.02 pages) in the term paper titled Financial Aid

Financial Aid

A Helping Hand for College
Approximately 60% of all students enrolled in higher education receive some type of financial assistance. Financial aid is provided to students for many reasons. The primary reason is to increase the accessibility for families that are unable to afford the full cost of higher education. Scholarships, loans, and federal work-studies are categories of financial aid given to help students further their education.
A scholarship is a financial award given to students in recognition of achievement, such as academics or athletics. Other scholarships are awarded to minorities and women to increase their access to higher education. In many cases, the qualifications for a scholarship include financial need as well. A scholarship does not require repayment. Most scholarships are given to students who attend business schools, technical and vocational schools, nursing schools and 2-year colleges.
A loan is an award offered by various government a...

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