… 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, … Loans are a form of financial aid available for students that need to be repaid and accrue interest over time. We recommend students to exhaust all free financial aid options before considering a loan. Review our 2024-2025 LACCD Loan …