There are many sources and types of financial aid available for those interested in a health career. Scholarships are awarded for outstanding academic performance or fulfillment of some other criteria - from financial need to athletic talent. Scholarships cover costs associated with schooling, such as tuition, books, fees or housing, and usually don't have to be repaid. Grants do not require repayment and usually are based on financial need alone.
Loans are funds that can be borrowed at relatively low interest rates.
Repayment of the loan usually begins as soon as the student withdraws or graduates from school, although some loans require that payments begin as soon as the lump-sum loan is received.