What Is the Definition of Financial Aid?

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Financial aid is a catchall phrase for all types of aid available for a student, whether this aid comes the federal government, the local government or a place of work. Discover how to use financial aid to get funding for college with help from a financial aid officer in this free video on student financial aid and loans.

Part of the Video Series: Student Financial Aid
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Video Transcript

Hi, my name is Brooke Kramer and I'm a financial aid officer at Argosy University in Salt Lake City and today we're talking about financial aid and pretty much what financial aid is is a catch all phrase for all types of different types of aid available to you. These can come from the federal government, local government, your workplace and also the school that you're planning on attending. Types of aid available to students are student loans, Pell grants, other grants as well, scholarships, and tuition reimbursement possibly from your employer. To find out how you qualify or even qualify is the best thing is to start by going to the fafsa.edu.gov website where you complete a free application for federal student aid just to see what you can qualify specifically in loans and in federal grants. Once you complete the free application for federal student aid your financial aid officer will be able to tell you what you qualify for in loans and also in grants. And definitely I would suggest applying for as many scholarships as possible since scholarships are free money and you don't have to pay those back. If you have any other questions please feel free to check out our website at www.argosy.edu.

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