… ID source_2 Content Financial Aid - Frequently Asked Questions (UC) … 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 … 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 … 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 support from your …