Students from low-income families can receive financial aid based on need that pays most college costs.
Financial aid is money for college students.
Loans repaid after the student leaves college Wages for work performed Students who need large amounts of financial aid usually receive all three forms. In need analysis, family financial information is used to estimate what the family can afford to pay toward educational costs in one year. When family contribution is less than costs, the difference is the student's need. This is the maximum that the student may receive from need-based financial aid programs. A student's need may differ at different colleges.