Unlike loans, grants do not need to be paid back except for vey rare circumstances. For those whom qualify, grants are awarded based on financial need combined with the cost of attendance (determined by your school and specific program).
PARENT PLUS LOAN
Some parents borrow Parent PLUS loans to make sure their children don’t take on too much student loan debt. These loans offer a fixed interest rate and flexible loan limits. Typically, it is best to exhaust eligibility for Direct Student Loans first, since these loans offer lower rates and better terms.