Hi, Whats the difference between a Student laon and Faincial Aid? Thanks 10 points easy =D
2007-10-31 08:54:25 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
Financial Aid includes your total package of what monies are available for you to go to school (college or university) or trade/tech school. FA can include scholarships, money awards, grants (which usually are $ given with no obligation of repayment), and loans (which have to be repaid usually 6 mos after either u stop going to school/graduate/or drop below being consider either a f/t or p/t student). Student loans which there are many different types fall under a subhead of Financial Aid. I recommend you go to the goverments FAFSA website and learn about financial aid as well as credit/loans information. The more you learn prior to getting involved in these transactions makes you more informed consumer. if the link is no longer there... Accountants have a national organization in which they teach u about credit/debit which is good info.
2007-10-31 10:18:34 · answer #1 · answered by Staci 4 · 0⤊ 1⤋
Student loans are a sub category of Financial Aid. Financial aid can also include grants.
2007-10-31 09:06:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
student loans have to be paid back. financial aid is usually in the form of grants and it is free money that doesn't have to be paid back. only some people can get financial aid. it depends on your income bracket.
2007-10-31 08:58:15 · answer #3 · answered by Anonymous · 0⤊ 1⤋
loan has to be paid back in full. and payments are partially tax deductable
2007-10-31 08:58:57 · answer #4 · answered by womanofghostbear 5 · 0⤊ 1⤋