Which two forms of financial aid require the student to bear the costs of college education?

Question

direct loans
federal Pell grant
work-study programs
merit-based scholarships
minority scholarships

Answer 1

The two forms of financial aid that require the student to bear the costs of college education are:

1. Direct Loans: These are loans that students take out to cover education expenses, which they are required to repay with interest after graduation or after leaving school.

2. Work-Study Programs: While often providing part-time work opportunities to help students pay for their education, the student is still responsible for covering the overall costs of their education through their earnings from the work-study job.

The other options (federal Pell grant, merit-based scholarships, and minority scholarships) do not require repayment or out-of-pocket costs, as they are forms of gift aid.