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Grant
Term category: College Finance
In 10 words or less:  A form of financial aid that does not need to be repaid.

Definition: A grant is a form of federal or state financial aid that does not need to be repaid.  They're typically given to people who demonstrate financial need.

StockJargon Advice: Grants are amazing sources of financial aid for people with need.  Need is determined by filling out a Free Application for Federal Student Aid (FAFSA).  We highly recommend every prospective college student to fill one of these out--even if you don't qualify for grants, you may receive scholarships or favorable loans.

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Grants, loans, scholarships...it's all like another kind of language. But don't worry, we're here to help.

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Scholarships are your ticket to a college education. After all, why go into monstrous debt when there are people out there who want you to succeed so much that they're willing to help pay!

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Related Books

Best 361 Colleges 2006 by Tom Meltzer
College Cost and Financial Aid Handbook 2006 by College Board
The Fiske Guide to Getting Into the Right College by Edward B. Fiske
The Real ACT Prep Guide By ACT Staff

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