Question

10. What's the difference between taxes and grants-in-aid?

Answer 1

Answer:

Financial aid is money to help pay for college or career school. Grants, work-study, loans, and scholarships help make college or career school affordable.

Explanation:

Answer 2

Answer: A federal grant is a financial aid awarded to fund a specific project or program. Federal grants in aid are funded with money from income tax revenues. These grants are not loans; therefore, no repayment is required, but funds must be spent according to the federal government's guidelines for that particular grant.