… … College 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 … more detailed information. … If I completed a financial aid application for the Fall semester, do I need to complete a new one for the Spring semester? … No. The financial aid application covers the entire academic year for which it was done. If …