Financial Aid
Financial aid refers to funding provided to students to help cover the cost of their education. This assistance can come in various forms, including grants, scholarships, work-study opportunities, and loans. Grants and scholarships do not require repayment, while loans do. Financial aid is often based on financial need, academic merit, or specific criteria related to a student's background. To apply for financial aid, students typically fill out forms such as the Free Application for Federal Student Aid (FAFSA) in the United States. The goal is to make education more accessible and affordable for all students.
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Financial aid refers to funding that helps students pay for their education, covering costs like tuition, books, and living expenses. It can come from various sources, including the government, schools, and private organizations. Types of financial aid include grants (which don’t need to be repaid), scholarships (usually based on merit), loans (which must be repaid with interest), and work-study programs (which provide part-time jobs). This assistance makes higher education more accessible by easing the financial burden on students and their families. Applying for financial aid typically requires filling out forms to assess eligibility.