Federal money awarded to college students on the basis of need is known as a(n):

Question

Quizplus · Accepted Answer

Pell grants are federal funds awarded to college students who demonstrate significant financial need. Tuition subsidies may also refer to financial assistance, but are generally provided by the institution itself rather than the federal government. Appropriations refer to funds allocated by Congress to various programs and initiatives. Guaranteed student loans allow students to borrow money for college, but they must be paid back with interest.

Federal Money Awarded to College Students on the Basis of Need