are student loans and grants the same thing?
Aug 28th, 2008 by admin
1.whats the difference and
2.which should i apply for being a single mother?
3.are they easy to get approved for,
4.what all do they pay for?
i heard if your a single mother and in school the government will help you with bills (apartment, daycare) anyone know anything about this?
you don’t pay back grants. apply for grants first and then loans to make up the difference. Good luck!
You have to re-pay a loan. A grant is given to you. Your income and some other factors would depend on how many and what type of grants you could receive. Your local library should be able to help you.
no
grants
no
tuition
not true
no, a grant you don’t have to pay back if you keep your grades up and don’t drop any classes. whereas a loan you eventually do have to pay back with some interest.
Loans are money that need to be repaid; grants do not need to be repaid. As a single mother, you may be eligible for some grants; you should try both. As a student, they are easy to be apporived for as long as you have no convictions for drug offenses. And they pay for any education-related expenses, which may include rent and daycare, if you need that to complete your education. however, the amount you get will be finite, and you will need to budget it yourself.
Student loans you have to repay; grants you don’t. Apply for grants. Being a single mother, you should find several that you are qualified for. Grants pay for your tuition, lab fees, and books.
You definitely want to make an appt. with a financial aid counselor to get all of the details. There is a big difference between those two things. A student loan you will have to pay back. A grant, depending on the type, you are most likely not to pay back.
If you have the right GPA and of course, income, you are eligible for help with rent, daycare, books, and other living exp. along with tuition help.
If you apply for and get a student loan you have to pay back the lender, whereas, normally with most grants you don’t have to pay back the money.
Not the same thing . . . student loans must be repaid . . . grants do not need to be repaid.
I would apply for as many grants as possible. Each grant is different and has special rules and paperwork required for it. I would check with your school’s financial aid office for help.
Check out the site: grants.gov to find out more information on grants.
No! Grants are monies designated for students that meet certain criteria, but do not have to be paid back. They could be considered as gifts.
Loans, of course, are available for students but must be paid back after the student completes his or her education.
1. Grants you DO NOT pay back. Loans you must repay
2. BOTH
3. They are, if you go into a field of study needed, english is NOT one of them, unless you want to teacher english somewhere else in the world.
4. everything hopefully
They are different. Grants are free. You do not have to pay back. Loans you do have to pay back. To apply contact the school you want to attend. They will help you get started with grants/loans.
no, student loans have to be paid back typically with interest, grants do not usually have to be paid back
A loan you have to pay back but a grant you utilize toward a goal like going to school
Ok a Grant is different from a loan. A loan is something you’ll have to pay back but you never have to pay back a grant. You should always go and try to get a grant first since you wont have to pay them back. they are approved by how much income you make and assets and stuff, so if your a millionaire you probably wont recieve one. The government may be able to help you, you could call a place that takes care of that kind of stuff like forms, etc to find out.
loans have to be repaid grants are free money apply for grants first. grants are easy for a single mother to get. they only will give you a certain amount of money to pay for stuff but most of the time toull have money from the grant left over. single mothers can get help from just about any where, WIC, DCFS mainly
A grant does not have to be repaid and a loan does have to be repaid. Obviously, a grant is better. Check your with school of choice to find them. The school counsellor is a good place to start. Some schools have someone on staff whose job it is to find resources.
No. Student Loans and grants are not the same thing.
A Student Loan must be paid back with interest.
Grants are usually government funds that are allogated for a specific purpose. Grants funds are distributed once a determination is made ensuring that the receipient of t he grant is going to carry out the designated purpose of the funds. You do not pay back a grant.
Loans are just that, a loan that needs to be paid back. They just had a report that said many loans get sold off to other lending companies so you may not get the same rate you started with. A grant is money that is given to you without need to repay. They can be tricky to find and may only be a small bit of money, but every little bit helps and you can apply to as many as you can. Do some investigating on-line, but check with the school financial aid adviser. Even your high school guidance counselor can help even if your not in high school any more!
They are not the same thing. A grant is money that is usually need based or money that does not have to be paid back. Whereas a loan is going to have to be paid back and have an interest rate associated with it.
Generally when it comes to applying for them you can go through FAFSA and they will give you a package that can be all loans or a combination of loans and grants.
Also with a little hard work and talking to the college that you are looking to attend or your child is looking to attend there might be scholarships that no one really ever applies for. In my years at college there were numerous years where scholarships just were wasted because no one applied for them.
Generally the best way to travel down this path is to try to get scholarships first, send in the FAFSA application, talk to Student Financial Aid at the college and as a last resort go to loans. When the financial aid offer comes back you can accept all or part of it.
Generally the money from grants and loans can be used to pay for anything related to schooling.
Loans and grants are not the same.
1 - you are required to pay back a loan. The same requirement does not exist for grants. They do not need to be paid back.
2 - Anyone should start with grants first then move on to loans.
3 - Different grant and loan programs have different requirements and qualifications. It’s hard to say which ones are necessarily easier or harder to get. A lot depends upon your specific circumstances and the type of grant or loan you’re seeking to obtain.
4 - Again, depending upon the grant or loan, how you use your money may or may not be restricted. Certain loans are only for educational purposes. The same goes for grants.
I’m not sure of your last inqiury but if you reach out to your local government and other public agencies they can certainly point you in the right direction so you can find the information you need.
Good luck!
grants and loans are not the same!!!!
a loan you have to repay
a grant is free money to go to school
but are easy to apply for but always go for the grant first
heres one to look at first
____________________________________________________
Federal Pell Grant
These federally funded grants help about 5.3 million full- and part-time college and vocational school students nationally.
Who is Eligible?
Students with family incomes up to $45,000 may be eligible for Pell Grants. However, most Pell awards go to students with family incomes below $20,000. There is no charge to apply for a Federal Pell Grant.
You also must meet certain conditions to receive federal aid.
Students can receive Pell Grants for their undergraduate study until they complete a baccalaureate or their first professional degree (such as pharmacy or dentistry).
How Much Money Can You Get?
In 2004-2005, the grants ranged from $400 to $4,050. The average grant in 2004-2005 was approximately $2,230.
How is the Award Determined?
Pell Grants are based on a formula that is applied in the same manner to all applicants. The formula is revised and approved each year by the U.S. Congress. The actual award a student receives depends on a number of factors including:
The price of attendance.
The family’s financial situation.
Family size.
Whether the student is attending full-time or part-time.
Where Can You Use the Pell Grant?
The grants may be used at almost any school the student chooses to attend. Financial aid administrators at each school can tell you whether the institution and its programs are eligible for the Federal Pell Grant Program.
___________________________________________________
I can answer what the difference is–I have had both. A grant is Free money, don’t ever have to pay it back. My experience is that grants are given my private colleges for the first year and then you are on your own. Pell grants are given by need. You do not have to pay them back.
Loans are a whole different game. The interest is lower than traditional loans but the repayment is no longer easy to escape. Usually local banks give you the money on a federal interest program. ALL loans with reduced interest are given AFTER you fillout the federal education form on line. That web site is. You cannot get a grant or loan without filling this out. You need your 2006 taxes on hand for info needed for the form.
Next cal the school you want to go to (public is cheaper and less to pay back) and get an appt. with a scheduling counselor. They will lead you through the hoops and possibilities.
1. Loans are just that, loans. They must be repaid, usually at a low interest rate. Sometimes they are forgiven (you don’t have to pay) if they are a certain type and you meet certain requirements.
Grants do not have to be repaid, you just have to have a financial need.
2. Apply for all. When you get your award letter, see how much assistance you are being offered. If you do not NEED to accept the loans, don’t. Having the extra money now seems like a good idea, not so much five years down the road when you are trying to pay bills, buy groceries and repay student loans that you really didn’t need anyway.
3. All you have to do is fill out a FAFSA, ask the Financial Counselors at the school you wish to attend for assistance.
4. The money will be paid directly to your school for tuition and fees. Any money left over comes to you, which you can use for books, parking, daycare, rent, whatever.
No. students loans are various amounts which college or even high school and grad students can borrow from their banks or a financial aid lender to place toward their education, or even personal needs. Grants on the other hand is free money, that unlike student loans, does not have to be repaid. Grants are earned through excellent grades, community service involvements as well as general skills like excellent writing or drawing. I would suggest the grants because you do not have to repay those. You may however, renew them depending on the person or affiliation offering the grant. The loans vary for approval because if you go through the bank, your credit must be good so you will not be seen as a liability of not paying back. The grants are easy, because you just fill out an application form and follow the offerer’s requirements for receiving the grant. The answer to your last question is a good one. I would suggest speaking with a financial aid advisor at whichever school you may be attending. If the loan/grant is for personal usages, I suggest speaking with a bank lender or doing some general research on the computer.
No Sutdent loans and grants are very different. Loans you have to pay back grants you do not. You should always apply for grants first since it is free money. Grants and loans are a very easy process grants dep[end on you financial situation, how much money you make. You can you grants or loans for tution, book, housing, most things dealing with school. Sometimes you even have money left over, which comes back to you in the form of a refund. You can use that refund for whatever you choose. I pretty sure they have program that do assist in those areas (rent, daycare) but I’m not sure since I’m a guy. Check with your financail aid counsoler at the school you plan to attend they can fill you in. Well hope that helped.
Michael Mcgowan
A grant if fromt he government and you do not have to pay them back usually. But many have different qualifacations. Loans you have to pay back. Their are many types of both. Being a single mother, or being anyone for that matter I would go for the grants first because you do not have to pay them back. YOu would have to go to your college and fill out a FASFA. You will need your last years w2s and tax returns. From their you will find out your EFC code or Expected Family Contribution. After you do that you will find out what you qualify for. Grants can pay for everything, just books, just tution, and so can loans. As for your last question it all depends on how much money you make a year. If you make less that 20,000 and have children then you will most likely qualify. For the best info go talk to your finacial aide department at your school. They will tell you to fill out a Fasfa before you do anything though. Hope this helps.
Loans are something that is expected to be repaid. Grants I believe ( as I am going thru this to ) are granted and not to be repaid. Apply for all. Yes, you will get more help as a single mom, and you should take it for school. It will improve your life and your childrens life. Apply for all you can, get your education now, and in the end you are able to help others.
student loans have to be paid back with interest, and grants are government assistance that you do not have to re-pay. you should apply for a grant:you will not have to pay it back, and being a single mother, you should easily qualify for one. just ask the help desk the proper steps you need to take at the school you are planning on attending. you can apply for as many grants as you qualify for, so you should apply for all that you are eligible for. some grants require you to make passing grades or you will have to pay them back.
1. A student loan is simply a LOAN and has to be paid back with interest. A grant does not have to be paid back, but you must qualify to receive the money.
2. Remember that loans WILL have to be paid back -as a single mother I would NOT advise a loan unless absolutely necessary to complete school. Apply for any grants you can ! The schools financial aid office should assist you with this. Call them and they will be glad to help you.
3. Both are fairly easy to get approved for, and as a single mother with (I am assuming) a low income household I am sure you would qualify for most grants. Remember most grants require you to attend a certain number of hours per quarter in school.
4. I do know there was a program that helped with daycare costs-this could be checked via your local health department, human resources department. You could also qualify for food stamps if necessary.
As you are a single mother seeking education and are apparently trying to provide well for your children, I commend you on your efforts and wish you the best of luck !
Loans — you have to pay those back
Grants — FREE money!
Apply for both, the more, the merrier you’ll be — getting cash is not that hard, but not everyone wants to do the paperwork! Depending on the source that money can pay for rent, books, supplies, tuition and more. Check out, California Community College’s financial aid web site. Fastweb.com is another good source to see a variety of grants and scholarships available. Good Luck and remember Education Changes Everything!
1.whats the difference and
A student loan is just a loan, money that you have to eventually pay back. Usually with student loans, you don’t have to start paying back until 6 months after graduation. A grant is basically free money.
2.which should i apply for being a single mother?
If I were you I would first apply for financial aid, which is free money. If you don’t get financial aid, apply for a student loan. But either way make sure you apply for lots of scholarships. I’m sure that there are lots of scholarships just for single mothers.
3.are they easy to get approved for,
Student loans are pretty easy to get approved for. BUT if you want to apply for a federal student loan, where the government pays the interest while you are in school, you need to apply for financial aid. That way, if they don’t give you a grant, you can still get a federal loan. But you can also get a regular student loan from a bank, it’s pretty easy as well. Took me about a month from when I first applied for my loan to actually getting the check.
4.what all do they pay for?
I heard if you’re a single mother and in school the government will help you with bills (apartment, daycare) anyone know anything about this?
I think there is a government program for that, I don’t know what it’s called though. You can always talk to the financial aid office at your school.
Good luck
Loans must be repayed, Grants do not.
You should apply for both, if the amount received in grants is large enough to cover the cost of tuition and books, etc. you can choose to not accept the loans.
Both are easy to get approved for especially as a single mother.
Loans and Grants pay for tuition, books, on campus housing, and any other costs associated with attending college. Depending on what state and college you are in any monetary amounts over what you need to cover these costs will be disbursed to you and you can use them for anything you like.
Since you didn’t specify which state you are in, I can’t answer the last question, however in Texas welfare gives allowances to persons attending college.
No. A student grant is not repayable while a student loan is, usually to a banking institute that covers it. Apply for both but the student loan must be repairs after graduation. Yes, one only needs to fill out a FASTA, which is on line. Most grants and loan will pay for all aspects of your education, don’t forget to apply for school scholarships too. Check with your Dept. of Social Services & Health. They can provided you with educational information and fiancial aid packages available.
Student Loans and Grants are Not the same thing.
1. Loans must be paid back, while a grant comes without a payment obligation.
2. You should apply for both. If you get grants you can apply them toward costs, and may not need as many loans.
3. Approval depends on MANY different criteria. Your best option is to fill out a Free Application for Federal Student Aide (FAFSA). You can find this by doing a search for ‘FAFSA.’ Also watch for grants and scholarships offered by local businesses.
4. Depending on the Grantor, the grant may be item specific, like towards a computer, books, tuition, etc. Or it may be awarded for you to use as you see fit.
4. Check with your local Department of Human Services office. There you will have to fill out an application and meet with a case worker who will be able to tell you if you qualify for any of their services. - I got daycare help when I was a full time student, and only ended up paying $20 a week toward daycare that would have cost $165/week.
1.) A student loan is money that you have to apply for and money that has to be paid back. A student grant is money that you can receive from either the school, state, or federal government that does not have to be paid back.
2.) Student grants are always the better option because it is basically free money that you don’t have to pay back. However, it is always harder to get a lot of money from them so you should apply for a student loan as well. You should try to get as much from grants as you can before applying for a student loan to cover the rest of the cost.
3.) Loans are always easier to get approved for compared to grants because you have to pay back loans. That is not to say that you shouldn’t apply for grants, you should because this will lower the cost to you. You can always find out more about the two from the school that you are applying to because they can provide all the information to help you complete this process.
4.) As far as I know, student grants/loans only pay for tuition and other school related expenses. They do not cover bills or other personal expenses, for that you would have to talk to social security for further assistance.
grants do not have to be paid back. but if you abuse the grant money you won’t get anymore . and as far as which you should apply for ,,,Grants…it does take a lot of paperwork but you want an education its worth it ..as far as help it depends on what local programs you can get into !!!!!
No they are not the same. Grants are money giving by the state to help pay for school and books that you do not pay back. I know alot of people that have got more money with a grant than their school and books cost. They had money left over for gas to school. School loans is money that you borrow to pay back later. Just like a loan you would take out on a house or car but usually with better interest rates. Sometimes you have to make payment from when you take out the loan and sometimes they will allow you to wait until you finish school before you have to start to pay them back. If you are thinking about assistance then you need to plan ahead and start applying for them now for the fall semester. You need to contact your local school about this. They are different programs that help single parents with different things depending on what you qualify for depending on your income. These programs will very from state to state depending on your state.
Loans require repayment while grants do not. The financial aid office at your college should be able to assist you in how to apply. The lower your income and higher number of dependents the easier it will be for you to be approved. Good luck.
Also, if you obtain a loan, be sure to pay it off as soon as possible after you graduate. The penalties and interest on student loans can blossom and hit you hard.
I am not sure what other government assistance you may be entitled to as a single mother going to school - this would be another question for your school’s financial aid office.
>A student loan is money that you have to pay back, sometimes there might be interest too. Grants are awards given to you. You don’t have to pay back a single penny.
>Since grants don’t cost you anything, of course apply for grants first. But always keep your options open and have a backup plan, so I suggest apply to both. One great website that most colleges use is fafsa. (fafsa.ed.gov) You should really really check out that website, highly recommended if you haven’t already.
>It depends on which grant/loan you’re applying to. So do a lot of background checks, some are less.
>They all pay for higher education expenses (eg: tuition, books, room and board, etc.)
>I’m not too sure about the government helping or not, but I don’t think that the government will help in every single expense.
I’m sure you’ve probably gotten tons of answers, but I figure I’ve had so much trouble with this stuff that I could put a few cents in.
1. you pay back loans and not grants
2. apply for both, it doesn’t hurt to try and get as much money as possible. But go for all the ones that you don’t have to pay back first.
3. approval depends on credit, income, and things of that nature. If applying for FAFSA, being a single mother would probably get you more money if you don’t make a certain amount of income.
4. Most loans that I have delt with are the amount given to me and I do whatever. other scholarships and stuff like that go to pay off your school first and then what’s left is transferred to you
If you apply for the right things, you can get money for bills, living, daycare, etc. Sorry I don’t know more about that, just do some research.
1) I believe that students loans are monies you must pay back after graduation or after a lapse in active studies (quit going to school before you graduate). Grants can be applied for and is money that you don’t have to pay back.
2) apply for everything you need to get through school.
3) student loans are easy, grants are limited
4) student loans are usually given in a lump sum and can be spent on anything you need to bills etc. Grants are possibly only directed toward tuition
I believe each state may have different government aids. you may get information through the school or through your local Health and Human Services division (government section of the phone book). Some states also have health care for parents who make under a certain limit (Nebraska has Health Connection - free medical, dental etc)
There is Definitely a Difference.
1. Grants (and scholarships) are funds that do not have to be paid back, student loans must be paid back with interest.
2. Fill out your FAFSA first. This will immediately put you in line to receive Pell Grant money. Pell Grant is a Federal Grant based on financial need (how poor you are). The max you could receive from the Pell Grant is $4050 for this year. But, more importantly, the FAFSA will tell you your EFC (Expected Family Contribution). This is essentially the government’s opinion of how poor you are; and the poorer the government says you are, the more financial aid you should receive. As a single mother, they will probably say you are rather poor. The EFC will put you in line for state grants and will probably be used to determine your elligiblity for any need-based grants and scholarships that your school works with.
3. Start with FAFSA, then talk to Financial Aid Advisors at schools you are interested in.
4. Each school decides its own COA (Cost of Attendance). It determines this amount based on the price of tuition, books, room, board, and some miscellaneous and travel expenses. You should be able to find enough financial aid (between grants and subsidized or low-interest loans) to cover the whole Cost of Attendance; then, how you spend that money, is largely up to you as long as you are a student. Loans and grants will be sent to the school, and you can withdraw that money to pay for your rent or daycare.
I don’t know if there are specific aid opportunities for single mothers, but you should have a low EFC and will probably find the aid you need.
Student loans have to be paid back. Grants do not have to be paid back. You should apply for every grant or scholarship for which you qualify, then use student loans to cover the other costs if necessary. Grants and scholarships typically take some effort on your part–writing essays, sending transcripts, etc. Student loans are easy as long as you have okay credit. Go to the college of your choice and talk to the Financial Aide department to see what is available for a person in your situation. It will require persistence on your part to get what you need. Good luck!
Loans must be repaid. Grants are free money. Apply for both. loans usually have less standards to meet and are easier to get. Grants tend to want you to jump the moon before pay out. Talk to your local family independent agency and they should be able to help you, or the financial aid office on your campus could direct you to someone who can answer your questions
1.whats the difference—Student Loans have to be repaid. Grants are free money to you from the government.
2.which should i apply for being a single mother? ALL of them. You will probably need them all. Make sure you fill out your FAFSA form (www.fafsa.ed.gov ) this makes you eligible for federal pell grants and SEOG grants.
3.are they easy to get approved for, –Student Loans–Yes as long as you haven’t defaulted on one before. Grants from the government are based on your income and need.
4.what all do they pay for?
i heard if your a single mother and in school the government will help you with bills (apartment, daycare) anyone know anything about this?
You can use your student loan money and any remaining grant money to cover any cost for you to go to school. Rent, daycare, car, gas, etc.
1. Student loans have to be repaid; grants do not.
2. Apply for all the grants that you can; apply for a loan to cover the difference, if necessary. They’ll often adjust the loan amount to only what you need so you don’t end up over your head.
3. If you qualify, neither are difficult to be approved.
4. Grants sometimes come with stipulations (maybe only paying tuition costs, for example). Check them out before applying. Loans will cover most educational costs as billed by the school.
1. Loans must be paid back. Grants don’t have to be.
2. Either one, but there are grants out there for single mothers, just do a search on google or yahoo
3. Federal Student loans are gauranteed. Grants, many times you have to compete for or qualify for.
4. Usually, the needed items for school. Tuition, books, Room and Board, and sometimes a transportation expense.
the main thing i know is that some loans you HAVE to pay back eventually. grants you dont have to pay back. you should apply for both because they both help you further your education. for loans some places offer you the oppurtunity to make a payment plan to pay them back. loans and grants pay for schooling like tuition books housing etc. but you might not always get a loan for all your education.
grants do not have to be repaid while loans do.