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MathematicsMathematics
28 February, 04:45

Match the scenarios with terms related to financial aid.

Pell grant

student loan

merit-based scholarship

Richard is one of the leading college basketball players in the state of Florida. He also maintains a good academic record. Looking at his talent and potential, Furman University offers to bear the expenses for his college education.

Anita wants to pursue a certificate program in Sports Nutrition. To pay for the course, she borrows money by filing the FAFSA.

Nathan comes from a low-income household. He wants to pursue an undergraduate degree in Marketing. He receives financial aid covering 50 percent of his college expenses. Nathan does not have to pay back this amount.

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Answers (2)
  1. 28 February, 05:50
    0
    A Pell Grant is a type of money which is provided to students by the government to pay for college. These grants do not have to be repaid. Hence, the third case (Nathan) is a pell grant.

    Student loan is a loan that students take for higher education. This loan pays for their college/tuition fee, books etc. This loan has to be repaid in a few years time. Hence, the second case (Anita) is student loan.

    Merit-based scholarship is awarded to outstanding students in fields of academics, sports, artistry etc. Hence, the first case (Richard) is a merit based scholarship.
  2. 28 February, 08:40
    0
    The first one is merit based

    The second one is a student loan

    Nathan is a pell grant
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