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Originally Posted by roseylovestosho  I'm sorry but most scholarships students receive is academic based. If my GPA dropped below a certain point while I was pursuing my undergraduate degree I would no longer qualify for Florida Bright Future Scholarship and I would have to pay for school out of pocket. Furthermore, the reason every state subsidizes education and provide academic-based scholarships is because they want the best and the brightest to stay within the state and not go elsewhere. The state benefits from a better educated workforce, and the state is willing to subsidize schooling for students that show promise in order to have a brighter future-- at least in theory.
Furthermore, there is a big difference between scholarships and financial aid. I received a full-paid scholarship and I qualified for financial aid. I'm not sure what your nephew is talking about but Financial aid are subsidized loans that you take out and you don't have to pay until you graduate- but it's not free. The only thing that is free is a scholarship--which I worked hard for to receive. I graduated from high school with a 6.0 GPA. I graduated with a Bachelor of Science degree with a 3.9 GPA and now I'm in a PhD program that I also have a fully-paid for due to my achievement. |
No Financial Aid are govt grants to pay for school. The amount you can qualify for is dependent on your income. You don't have to repay that. You are thinking about Subsidized and Unsubsidized Student Loans. Those are guaranteed by the govt and with subsidized you don't accrue interest until you graduate. There is a cap to that amount. Once you hit the cap you venture into the unsubsidized loans, which the minute you take the loan the interest starts accruing.