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Aid is money, equipment, or services that are provided for people, countries, or organizations who need them but cannot provide them for themselves. Collins COBUILD Advanced Learners Dictionary. Copyright HarperCollins Publishers.
official help given to a person or organization in the form of money, loans, reduced taxes, etc.: Without financial assistance, the state program will be forced to shut down by December. University scholarships or financial assistance may cover only a portion of the annual tuition fees.
verb. To aid someone means to help or assist them.
Financial aid is any college funding that doesnt come from family or personal savings or earnings. It can take the form of grants, scholarships, work-study jobs, and federal or private loans.
Financial aid includes funds from the government, private organizations and/or from an educational institution to help students pay for their education. There are various types of financial aid including grants, work-study, loans and scholarships.

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The Canadian government provides subsidized student loans along with provincial aid organizations. Qualifying students receive 60% of their loan amount as a Canada Student Loan. The remaining loan balance comes from local organizations, sometimes working in conjunction with private lenders.

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