Financial aid and student loans are both ways to help pay for college. Financial aid can come in the form of grants, scholarships, and work-study programs. Grants and scholarships do not have to be repaid, while work-study programs allow students to earn money to help pay for college. Student loans, on the other hand, must be repaid with interest.
There are many different types of financial aid and student loans available. The type of aid that a student is eligible for will depend on their financial need, academic record, and other factors. It is important to research all of the different types of aid available and to compare the terms and conditions of each loan before making a decision.