The purpose of student financial aid is to provide financial assistance to students who, without such aid, would be unable to attend college. Although it is expected that students and parents will make a maximum effort to meet the cost of education, financial aid is available to fill the gap between family resources and the annual educational expenses. Financial aid is intended to supplement the family’s existing income/financial resources and should not be depended upon as the sole means of income to support other non-educational expenses. Financial aid is available from various sources such as federal and state governments, institutional, and community organizations, as well as individual donors. Financial aid can be awarded in the form of grants, loans, work-study, scholarships, or a combination of these.
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