Luis Mellon: It could be very good. I never had 100% financial aid but I did take out plenty of student loans. Unless you got a full ride scholarship, it probably means you qualified for some financial help that most don't get.
Vickie Sterbenz: for me financial aid is good becasuse financial is the the money that help for schooling.
Joel Feagler: Fin Aid is only good if it is in the form of grants and scholarships, which you don't have to repay AND it is merit-based. If it is loans and need-based, then you are doubly stuck (you're in debt and broke).
Gilberto Cratin: "Financial aid" is a generic term meaning money to help with schooling. Just like some people say the brand name "Kleenex" to describe all facial tissue, the term "financial aid" is often used to mean "government money" to help college/university students.It can encompass grants, scholarships, loans and work-study. U.S. government (taxpayer funded) financial support obtained by completing a! FAFSA application, is commonly referred to as "financial aid."Others may use a broader definition of the term to mean any money given to help college/university students. Grants and scholarships can be obtained from a variety of sources besides the federal government, and thus, could be in fact, financial aid, e.g., state, college, parents, parent's employer, church, company, foundations.Financial aid may be "need-based" or awarded based on your specific financial needs. It can also be "merit-based" or awarded for your special talents or accomplishments. Sometimes it can come in other forms based on certain criteria.Of course, grants and scholarships are better than taking out loans that you have to pay back. It is possible for some students to fund the cost of education without having to take out loans or take on agonizing debt....Show more
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