Pros of grants
- It’s free money-duh.
- They do not need to be repaid (aka no debt).
- Most grants are need based.
- Typically only one application, the FAFSA, needs to be filled out to apply for various grants.
Cons of grants
- They are a limited resource, and they can run out.
Student loans
Student loans are much like any other loan, except that they are used to pay for educational expensespared to scholarships and grants, college loans can get a bit more complex.Continue reading