The article is devoted to the study of the types and characteristics of feedback as a component of formative assessment. The research problem is associated with a variety of approaches to the classification of feedback types and the presence of a significant number of typologies which causes difficulties in developing effective strategies for its implementation for the purposes of formative assessment. An analysis of the feedback classifications proposed by researchers in the context of the educational process made it possible to distinguish the following approaches: a general approach, considered feedback as a component of the educational process; a special approach focused on the development of feedback types in relation to a specific academic subject; instrumental approach, differentiating types of feedback depending on the means used for its implementation – both technical and non-technical. The considered classifications of feedback are focused on the allocation of one classification basis and, therefore, allow us to consider feedback in the only selected aspect. To determine the effectiveness of feedback strategies, it seems insufficient to use one parameter and, accordingly, make separately taken typologies. The aim of the study is to identify types of feedback based on the analysis of the components of the assessment situation and being based on them to create a multidimensional classification of feedback types. Feedback characteristics were determined due to the influence of the subject, object, scope and basis of the assessment, as well as the assessment tool. We came to the conclusion that feedback characteristics during the implementation of formative assessment can be referred to different levels of information use obtained during the assessment. Feedback, therefore, may include information on the current situation, the planned learning outcomes and effective techniques for achieving educational goals.