Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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

Sagot :

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


Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.