Answer:-
Financial aid is money provided to students and their families to help cover the cost of higher education. It can come from various sources, including the government, colleges, private organizations, and banks. Financial aid includes grants and scholarships (which don’t need to be repaid), student loans (which must be repaid with interest), and work-study programs (where students work part-time to earn money for school). The purpose of financial aid is to make college more affordable and accessible, especially for those who may not be able to pay full tuition costs on their own. It often starts with filling out FAFSA.
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