… as well as public and private organizations in the form of grants, fee waivers, part-time employment, loans, and scholarships. The funds are available to make it possible for students to continue their education beyond high school, even if they and their families cannot meet the full cost of attending college. The basis for such assistance is the … costs. … Is financial aid money that I have to pay back? … Financial aid such as grants, fee waivers, work study, and scholarships are forms of aid that do not need to be paid back under the condition that the student retains their eligibility …