When you get help to pay for college, it is time to celebrate.
After all, that money – whether it's loans, grants, scholarships, or work-study programs – makes it possible for you to pursue your college and career dreams.
Financial aid, though, is not just free money. For those students who accept financial aid, it's important to remember that there are obligations.
Of course, financial aid that comes in the form of loans has to be repaid and work-study requires students to work. But even grants and scholarships may have obligations to be met by the student. While grants and scholarships don't have to be repaid, they often have requirements the student must meet.
Beyond the specific requirements, students who accept federal or state financial aid have an obligation to do their best to succeed in postsecondary education. The success of students is in the best interest of society and, specifically, taxpayers who make federal financial aid programs possible.