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What is financial aid?

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What is financial aid?

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A. Financial aid is money provided to help fill the gap between your own resources and the amount needed to pay for the cost of attending college. The primary responsibility for meeting the cost of a college education rests with the student and family to the extent they are able to pay. A formula established by Congress and written in law, takes into account your family income and assets. Financial aid may include grants, loans, scholarships and work-study.

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Financial aid is money provided to help fill the gap between your own resources and the amount needed to pay for the cost of attending college. The primary responsibility for meeting the cost of a college education rests with the student and family to the extent they are able to pay. A formula established by Congress and written in law, takes into account your family income and assets. Financial aid may include grants, loans, scholarships and work-study.

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Financial aid refers to any funds available to students and/or their parents to help offset the cost of higher education. Funds come from federal, state, private, and institutional resources.

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Financial aid for college comes from a variety of government and private programs.

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Financial aid includes any form of financial assistance which helps you pay for college. This includes scholarships, grants, work-study, and student loans.

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