Types of Financial Aid. What are they?

Topic Progress:

Types of Financial Aid

Watch the video above!

types of financial aid

Again, we’ll be going over these in a lot more detail during a later lesson but for now just know that these are the 4 primary categories of financial aid:

  • Grants
    • Free money you don’t have to pay back.
  • Scholarships
    • Free money you don’t have to pay back.
  • Work-Study
    • Money you earn at a job.
  • Loans
    • Money that you borrow and which you’ll have to pay back with interest.


  • Click the “MARK COMPLETE” button at the bottom of this page.
  • Do that and then head over to the next topic, Who Can Get Financial Aid.

Video source: “Federal Student Aid