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… Aid - Frequently Asked Questions (UC) … Frequently Asked Questions … What is financial aid? … Financial aid is money that students may use to help cover the cost of their education that is made available by federal and state governments, as … Please go to  Maintain Your Eligibility Maintain Your Eligibility for information on financial aid eligibility. … I do not live with my contributor(s) (e.g. parents/stepparents/spouse) or receive support from them. Do I still need to provide their information on my financial aid application? … It depends. Per Department of Education regulations, being independent or dependent for financial aid is not determined by whether you live with or receive support from your …