• Financial assistance is any kind of monetary assistance or assistance which an individual, organization.
• In the public corporate world, financial assistance refers to helping a company buy its own shares.
• It may also provide help in the acquisition of its holding companies shares.
• The financial assistance may be in the form of grants, loans, provisions for cost sharing, subsidies or welfare payments.
• Examples of financial assistance include tax allowances, grants and government bailouts of struggling companies.
Scholarships are monetary awards similar to grants – you don’t have to pay them back at any point.
Scholarship eligibility can be based on almost anything depending on the goals of the person or entity that’s funding the scholarship.
Here are some characteristics of the students that many scholarship programs continue to pursue in their applicants:
These loans are available to students who are able to demonstrate financial need.
They have better interest rates than unsubsidized student loans, because the US Department of Education pays the
interest while students attend school and for a six month grace period after graduation.
Unsubsidized loans are available to students whatever financial need may be.
During all periods, students are responsible for paying back interest.
Examples: Direct loans (subsidized and unsubsidized), Stafford loan, Perkins loan, Private loan.
• An additional type of loan is the private loans, which are supported by private banks to help meet the students cost of education that has not been covered by another form of financial aid.
• Education costs are on the rise these days and opting for an education loan appears to be the best solution. Parameters for Education Loan
Campus services at various colleges and universities, including the student center, career center, athletic department, and residence halls, employ students at work-study level.