Institutional Financial Aid Policies

Institutional financial aid policies refer to the financial support provided by colleges and universities to help students afford their education. This aid can come in the form of scholarships, grants, and loans that the institution itself offers, often based on students’ financial needs or academic merit. Policies vary by institution, determining how aid is awarded, renewed, and disbursed. Understanding these policies helps students navigate their options and make informed decisions about funding their education, as they can significantly impact both the cost of attendance and the overall financial burden of college.