… 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 … eligibility throughout the semester. 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 Guide . … What can I do to avoid unnecessary delays in the processing of my financial aid application? … Most …