Education Pays: How to Pay for Education??. Many students and families miss out on college...
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Financial aid comes from a variety of sources. It includes scholarships, grants, loans, and work study programs. o Scholarships – money for college that does not have to be repaid. It is used for school expenses. o Grants – money available to eligible students based upon financial need, past academic performance, service to the community or special areas of study; does not require repayment.