4. Financial Aid
Money awarded to students to help them pay for
education. Aid is given as loans, grants, scholarships,
or work-study. Some forms of financial aid are
required to be repaid after graduation.
5. Grant
A form of financial aid that does NOT have to be
repaid or earned by working. Grants are usually
based on financial need. Academic merit may also be
considered. (Grades)
6. Higher Education
This is another term for postsecondary education. It
refers to colleges, universities, and any education
beyond high school that leads to a certificate or
college degree.
7. Loan
A loan is money you borrow and must pay back with
interest.
8. New Century Scholarship
Encourages students to accelerate their education by
earning an Associate degree in high school. Students
can achieve this 2 year degree by taking college
courses in high school through AP courses,
concurrent enrollment courses, and/or early college.
9. Scholarship
A form of financial aid that does not have to be
repaid or earned through employment. There are
many different types of scholarships that can be
awarded.