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:Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses.

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Work Study provides jobs for students who demonstrates financial need.
Service Programs provides aid for students based on the type of work they do with before or after college
Americorps
Peace Corps
Teach for America

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Grants and Scholarships are financial rewards that never needs to be paid back.

Federal Direct Subsidize are awarded based on financial need, and if you qualify,interest is not charged before graduation or leaving school.

Direct Unsubsidized  loans are not need-based and  interest is charged from the time you receive the money until it is paid in full.

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Scholarships: Money is non taxable
Grants: Don't have to pay them back
Direct Unsubsidized loans : Pays for your education
Federal Direct Subsidized Loans : Interests is only charged after graduation
Work Studies: Gives you work experience

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Grants & Scholarships :Competitive so they can be hard to get
Direct Subsidized Loans: Have to pay it back
Federal Direct Subsidized Loans :Have to pay back including interests
Work Studies: Have to balance school and work.

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Financial is determined by a formula that takes in count of student income,parental income for Financial dependable students,savings,and the cost of attending a particular school.

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KStep One: Complete a FAFSA Form.This is an online form every student seeking Aid must Complete
Step Two: Complete a CSS Profile (If required by a particular school
Step Three: Compare financial aid awards given and chose the best

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Federal Dateline: June 30 ,2018

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A federal aid package is a collection of different types of financial aid from multiple sources.

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“Fact Sheets.” CFNC, cfnc.financialliteracy101.org/home/factsheets_public.cfm