Financial aid refers to various forms of monetary assistance provided to students to help cover the costs of their education. This support can come from different sources, including the government, schools, private organizations, and non-profits. Financial aid can be in the form of grants, scholarships, work-study programs, or loans, each with its own eligibility criteria and repayment terms. To apply for financial aid, students often need to complete the Free Application for Federal Student Aid (FAFSA), which assesses their financial situation. The information provided helps determine the amount and type of aid a student may receive, making higher education more accessible for those in need.