… 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 … 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 … from them. Do I still need to provide their information on my financial aid application? … It depends. Per Department of Education regulations, being independent or dependent for financial aid is not determined by whether you live with or receive …