1. Determining if the post-secondary option is right for you can be done by considering your career goals, interests, skills, and values. Researching and exploring various post-secondary options, such as colleges, universities, vocational schools, and apprenticeships, can also help in making an informed decision.
2. There are several options available to pay for your education. These include scholarships, grants, student loans, work-study programs, personal savings, and financial aid. Each option has its own eligibility criteria, terms, and conditions, so it's important to understand and consider these factors when deciding how to pay for your education.
3. The main differences between a loan, a grant, and a scholarship are as follows:
- Loan: A loan is a borrowed amount of money that needs to be repaid with interest. It can be obtained from government programs or private lenders. Loans typically require a credit check and may have specific repayment terms.
- Grant: A grant is a financial aid that does not need to be repaid. It is usually awarded based on financial need, academic achievement, or other specified criteria. Grants are typically provided by government entities, educational institutions, or private organizations.
- Scholarship: A scholarship is a financial award given to students based on their academic achievements, talents, or other specific criteria. Scholarships can be merit-based, need-based, or awarded for specific fields of study. Like grants, scholarships do not need to be repaid. They are offered by various sources, including educational institutions, corporations, foundations, and community organizations.
U3C2L1 lesson check up
1. How will you determine if the post-secondary option is right for you?
2. What options are available to you to pay for your education?
3. What are the differences between a loan, a grant, and a scholarship?
1 answer
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