Financial aid is money provided to students to help pay for higher education costs.
Most students in Maine need some sort of financial aid in order to help pay for college. Financial aid can be used towards tuition fees, room and board, books and supplies, transportation, living expenses and other costs associated with going to college. Most financial aid awarded to families in Maine is need-based. In order to become eligible for need-based aid you must first complete a need analysis application that details your family circumstances, income, assets, etc. A family's 'need' is based upon what they can afford.