… Financial Aid Frequently Asked Questions … Financial Aid Frequently Asked Questions … College ID source_2 Content Financial Aid - Frequently Asked Questions (UC) … What is financial aid? … Financial aid is money that students may … 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, fee waivers, part-time employment, loans, and scholarships. The funds are available to make it possible for students to continue their …