What are my options for financial aid and managing student debt?
An example of an AI chatbot conversation about financial aid and student debt options.
What are my options for financial aid and managing student debt?
You have several options for financial aid, including federal grants, scholarships, and student loans. Would you like to know more about any specific type?
Yes, can you explain the difference between grants and loans?
Grants are typically need-based and do not require repayment, while loans must be repaid with interest. Grants are often provided by the government or institutions.
What about scholarships? Are they similar to grants?
Yes, scholarships are also a form of financial aid that does not need to be repaid. They can be merit-based or need-based and are often awarded based on academic or extracurricular achievements.
How can I apply for these financial aids?
You can apply for federal financial aid by completing the FAFSA form. For scholarships and grants, check with your school and search online for opportunities.
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