Which of the following is NOT considered a type of financial aid?

Unsecured credit is not classified as a type of financial aid because it involves borrowing money that must be repaid, typically with interest. In contrast, student grants, scholarships, and student loans are all forms of financial aid that are specifically designed to help students cover the costs of education.

Grants and scholarships are considered "gift aid" because they do not have to be repaid, while student loans do require repayment but are often offered at lower interest rates or with favorable repayment terms. Unsecured credit, however, refers to borrowing where no collateral is required, and it is often associated with higher interest rates and potentially more rigid repayment requirements. Therefore, in the context of financing education, unsecured credit does not fit the definition of financial aid aimed at supporting students financially in their academic pursuits.