financial aid policies

Financial aid policies determine how students and families can access financial support for education. They include grants, scholarships, loans, and work-study programs, aimed at making college affordable. Eligibility is often based on financial need, academic achievement, or specific circumstances, with applications typically requiring income information and documentation. Policies also set rules for borrowing, repayment, and maintaining aid eligibility. Overall, these policies are designed to help qualified students afford education costs while maintaining accountability for funds used.