Financial aid is money to help meet school costs.
The money for financial aid comes from the federal and state governments, banks, the schools themselves, and private donors. You must apply for financial aid to get it. The amount and kind of aid you get is based on your financial need, your academic record, and on the kinds of aid available at the school you attend. The package is put together by a financial aid office at the school or college from information you provide. Financial aid applications are available from most high school counseling offices and college financial aid offices.