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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 … the full cost of attending college. The basis for such assistance is the belief that the students (and their contributors) have the primary responsibility for meeting their educational costs.  … Is financial aid money that I have to pay back? … … your student email and respond to your campus correspondence. … How will I know if my financial aid money is available for me? … Financial Aid disbursements are electronically delivered via the MyLACCD Card process. In order to activate your …