1) A) Identify and briefly describe the three categories and five types of money available for college B) What are the three advantages to borrowing money from the government rather than from banks? C) What is the importance of the FAFSA? D) Why is it important to remember that applying for scholarships should never cost you money? 1) A) Identify and briefly describe the three categories and five types of money available for college B) What are the three advantages to borrowing money from the government rather than from banks? C) What is the importance of the FAFSA? D) Why is it important to remember that applying for scholarships should never cost you money