What does 'financial aid' mean ?

Question

Is that like a scholarship ? I want to go to High School but I would like to see if I can get a scholarship. So is financial aid the same as a scholarship

Answer 1

Yes, a scholarship is a form of financial aid.

Financial aid is a very BROAD term referring to any money you recieve to help you pay for your schooling.  

It can be money you have to pay back like loans, or it can be money that you don't have to pay back like scholarships or  grants and money you earn like Work Study.

Answer 2

"Financial aid" can come in many forms.

-A scholarship. This is free money.

-A grant. This is also free money.

-A loan. These also come in many forms. However, they must be repayed.

Fundamentally, "financial aid" means monetary support that does not come directly out of your own pocket.

Answer 3

it depends on how the faculty/department of urs define it

for mine, financial aid is different from scholarship

finanical aid is like student loan, you have to pay it back eventually

and scholarship is money given toward ur tuition & u don't have to pay it back

Answer 4

Financial pertains to "finance" as in financing or money for college.

Aid means "help" so together this means money help.

In college, the financial aid department helps students obtain money for college through scholarships and loans. For many students they can build a financial aid package that can include scholarships (usually money based upon grades or an award in a specific area); grants (money given freely that you do not have to pay back based upon certain categories such as race, religion, socio-economic status) and loans (money that you borrow and will pay back in the form of monthly payments which begin 6 months after you graduate or quit school)

As far as high school, it is free public education is the right of any student residing in the US. So to go to high school in the US you would not have to have financial aid.