… 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 well as public and private organizations in the form of grants, … it was done. If you have already completed an application for the Fall semester, it will automatically be applied to the Winter, Spring, and Summer semesters for that same academic year. … If I wait until the Spring semester to complete my …