Which two forms of financial aid require the student to bear the costs of college education? direct loans federal Pell grant work-study programs merit-based scholarships minority scholarships
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Financial aid helps students afford their higher education expenses.
The most common types of financial aid are grants, scholarships, work-study programs, and loans.
Federal student loans provide significant advantages over many private student loans.
Specialized aid is available for certain groups like military service members, aspiring teachers, and those planning to study abroad.
It’s helpful to understand all your financial aid options so you can minimize your student loan debt.
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