What are the three types of federal student aid?

The three types of federal student aid are grants, loans, and work-study programs. Grants, such as the Pell Grant, provide financial assistance that does not need to be repaid, typically based on financial need. Loans, like Direct Subsidized and Unsubsidized Loans, must be repaid with interest after graduation or when the student is no longer enrolled. Work-study programs offer part-time jobs to students, allowing them to earn money to help pay for their education expenses.