Understanding College Savings

Question 10 • SNHS NV-Civics and Economics

Which of these statements about financial aid are true? Select all that apply.

Answer

Most student loans from the government have a lower interest rate than other types of loans.

If you receive a grant, you cannot also get a scholarship.

The FAFSA helps the government determine how much financial aid you need.

Work-study programs provide job experience, but no pay.

Money from scholarships must be paid back.

The FAFSA is available on paper and online.

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