What is a form of financial aid for college that does not require repayment?

A form of financial aid for college that does not require repayment is a grant. Grants are typically awarded based on financial need and do not have to be repaid, making them an attractive option for students seeking assistance to cover their educational costs. This type of aid can come from various sources, including federal and state governments, as well as educational institutions and private organizations.

Other forms of financial aid, like scholarships, can also be non-repayable, but grants are more commonly recognized specifically for need-based funding. Loans, on the other hand, must always be repaid, often with interest, which distinguishes them from grants. Fellowships may provide funding for specific projects or research and can also be non-repayable, but they often come with specific requirements or deliverables that must be fulfilled. Thus, grants remain a key form of financial aid characterized by their non-repayable nature.