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Santa Monica College|Enrollment Development|Financial Aid and Scholarships|What are the differences between a grant, a work study job, and a loan?

What are the differences between a grant, a work study job, and a loan?

  • A Grant is money that does not need to be paid back.
  • A Federal Work Study (FWS) award is money that does not need to be paid back. You must work to access funds.
  • A Loan is money that you (or your parents) borrow from a bank. These funds need to be repaid.