?Financial help Definitions What does that mean?

?Financial help Definitions What does that mean?

Purdue University features a tradition that is strong of pupils fund their undergraduate training. The definitions that are following help students/families realize a number of the terms used in school funding programs.

Forms of help

Scholarships: Sometimes called “gift help”, grants are school funding that doesn’t need to be repaid or made through work and it is granted based on merit and/or need.

Academic Loans: Loans are a form of “self-help” help this is certainly borrowed cash to cashstore greatly help protect the expenses of going to university and needs to be repaid. Education loan programs provide low interest consequently they are perhaps maybe perhaps not repaid until after pupils graduate (or drop below half-time status). Parent loan programs provide the moms and dads the chance to borrow to aid with academic costs.Continue reading