Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses. Such aid is usually provided by various sources such as federal and state agencies, colleges, high schools, foundations, and corporations.
Sources of Financial Aid
Financial aid comes from these sources:
- The federal government (the largest source)
- State governments
- Colleges and universities
- Private organizations, such as companies, clubs and religious organizations
- Banks and lending companies
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