What is Financial Aid? – Student Guide to Financial Aid

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What is Financial Aid? – Financial Aid refers to any college money that does not come from family, personal savings, or earned income to cover college expenses. Grants, scholarships, work-study positions, and federal or private loans are all possible forms of financial aid. Amounts of financial aid are available to help students pay for a variety of higher education expenses such as tuition and fees, housing and board, books and stationery, transportation, library, etc. It is possible for students to receive financial aid from a variety of sources. Governmental and state agencies, colleges and high schools, community organizations, foundations, for-profit enterprises, and others give out financial aid to eligible students based on several criteria. The amount of financial help one receives will be determined by the rules established by the various sources, as well as by federal, state, and institution policies and procedures. “What is financial aid?” The answer to this question and detailed information on the types of financial aid, how to apply for aid, and much more, is covered in this article.

What is 
Financial Aid? – Details

How does
Financial Aid work?

How to Apply for 
Financial Aid?

Types of
Financial Aid

Do Colleges and Universities provide
Financial Aid?

Important dates for
Financial Aid

FAQs about 
Financial Aid

What is need based financial aid?

What is the maximum income to qualify for financial aid?

What is a financial aid award letter?

What is a financial aid refund?

What is considered a full-time student for financial aid?

What is a financial aid gap?

What is the max financial aid I can receive?

What if my financial aid is more than my tuition?

What is the maximum credit hours for financial aid?

What kind of financial aid is available for graduate students?

 Is there a fee for the FAFSA and CSS Profile?

Additional Resources about
Financial Aid