What financial aid options are available for college students?
An example of an AI chatbot conversation about financial aid options for college students.
What financial aid options are available for college students?
There are several financial aid options, including federal grants, scholarships, work-study programs, and student loans.
Can you explain the difference between grants and scholarships?
Sure! Grants are typically need-based and do not need to be repaid, while scholarships are often merit-based and also do not require repayment.
How do I apply for federal financial aid?
To apply for federal financial aid, you need to complete the Free Application for Federal Student Aid (FAFSA) form.
What is the maximum amount I can borrow in student loans?
The maximum amount you can borrow in federal student loans varies by your year in school and dependency status, ranging from $5,500 to $20,500 annually.
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