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Pretest: Personal Financial Management

Select the correct answer.

Normally, grant money is treated as gift aid that does not need to be paid back. Which of the following events would require a student to pay back the amount received as a grant?

A. if the student wins a lottery
B. if the student drops out of college
C. if the student plans a career in Europe
D. if the student doesn't do community service
E. if the student does not pass medical tests



Answer :

GinnyAnswer

Final answer:

Grants and scholarships are free money that students can use for college expenses, not requiring repayment like loans. FAFSA is essential for accessing grants such as the Pell Grant.


Explanation:

Grants and scholarships are forms of free money available to students for college expenses.

Unlike loans, grants and scholarships do not need to be paid back. They are typically awarded based on various criteria such as academic record, major, ethnicity, and other factors.

FAFSA (Free Application for Federal Student Aid) is a crucial form that helps students qualify for grants like the Pell Grant, which is free money that does not require repayment.


Learn more about Financial aid for college here:

https://brainly.com/question/28984962


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