Financial Aid Law

Financial aid law refers to the regulations and policies that govern the provision of financial assistance to students attending universities and colleges. This includes federal, state, and institutional aid, such as grants, loans, and scholarships. Key laws, like the Higher Education Act, establish standards for eligibility, application processes, and the administration of funds. These laws aim to ensure fairness and access to education by providing support to students regardless of their financial background, while also setting requirements for institutions to follow in managing and disbursing financial aid.