> Financial aid is code for student loans. If they meant a scholarship they would have said so. At many of the high-stocker-price elite schools, grants are als

> Financial aid is code for student loans. If they meant a scholarship they would have said so. At many of the high-stocker-price elite schools, grants are also a very real part of financial aid. Grants effectively look like a scholarship but are typically need-based rather than merit-based. Looked at another way, grants can be used as a discount on the tuition sticker price.