Which term describes a form of financial aid that does not need to be repaid and is usually awarded for achievements?

Which term describes a form of financial aid that does not need to be repaid and is usually awarded for achievements?

• A. Grant
• B. Post-secondary education
• C. Work Study
• D. Scholarship

Answer: (D)

Merit-based, non-repayable aid is the idea here. Scholarships are awarded to students for achievements such as high grades, athletic talent, or community leadership, and they don’t have to be paid back. That makes them a gift of money that helps cover college costs without adding debt. Grants also don’t require repayment, but they’re usually based on financial need rather than achievement. Work-study is a program where you earn money through a part-time job to help pay costs, so it’s earned income rather than a gift. Post-secondary education is simply the level of schooling, not a type of financial aid. Scholarships can cover tuition, books, or room and board, which is why they fit this description best.

Merit-based, non-repayable aid is the idea here. Scholarships are awarded to students for achievements such as high grades, athletic talent, or community leadership, and they don’t have to be paid back. That makes them a gift of money that helps cover college costs without adding debt. Grants also don’t require repayment, but they’re usually based on financial need rather than achievement. Work-study is a program where you earn money through a part-time job to help pay costs, so it’s earned income rather than a gift. Post-secondary education is simply the level of schooling, not a type of financial aid. Scholarships can cover tuition, books, or room and board, which is why they fit this description best.