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. Students typically apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) or similar forms. The information provided helps determine the amount of aid a student may receive based on their financial need, academic performance, and other factors.