federal financial aid policy

Federal financial aid policy provides students with financial support—such as grants, loans, and work-study programs—to help cover the costs of higher education. Eligibility is determined through the Free Application for Federal Student Aid (FAFSA), which assesses financial need based on income and assets. The goal is to make college more accessible and affordable for all qualified students. Policies also regulate loan repayment, borrower rights, and program integrity, ensuring aid is distributed fairly and responsibly. Overall, federal aid aims to support students' educational aspirations while maintaining accountability and transparency within the system.