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Will you be receiving a student loan in the future?
Yes I'm currently applying.
In that case a student loan means that you are borrowing money to attend a college or career school. You must repay the loan as well as interest that accrues on it.
Are there options on repaying that loan?
Yes and t is important to understand your repayment options so you can successfully repay your loan.
Who issues the loan?
It might come from the U.S. Federal Government, your State Government or your College or Career School.
And what's the difference between a loan and a grant?
A grant is a form of financial aid that doesn't have to be repaid unless, for example, you withdraw from school and owe a refund.
Are there private scholarships that I can apply for?