Is financial aid free?Do you have to pay it back?

Answer 1

It depends on the type of funding you receive.

* Grants, by definition do not need to be paid back, nor do scholarships and fellowships.
* Loans, by definition, DO need to be repaid (YES, loans are still considered Financial Aid).
* Federal Work-Study is basically a federally subsidized job -- you don't need to repay it but you're paid only as much FWS as you actually earn.

Answer 2

it depends on what type of financial aid your getting.. Grants no you don't have to pay them back but loans you do...