Question 9 of 20

Money that is awarded for college expenses and does not need to be paid back is called:

A. a waiver.
B. a Perkins.
C. a loan.
D. a scholarship.



Answer :

Final answer:

Scholarships are free money for college expenses that do not require repayment, unlike loans.


Explanation:

Scholarship is money awarded for college expenses that does not need to be paid back. Unlike loans, scholarships are free money that students receive for various reasons, such as academic achievement or other factors like ethnicity or gender. Billions of dollars in scholarships and grants go unclaimed annually, providing significant financial assistance to students.


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