Higher Education / University Glossary

Financial Aid

What does the academic term Financial Aid mean in higher education?

Financial Aid

Financial Aid definition

Short Definition

Financial Aid is financial assistance provided to students to help them pay for college, including scholarships, grants, loans and work-study programs.

In-depth Overview

Financial Aid

Long definition: Financial aid refers to various forms of monetary assistance provided to students to help them cover the costs of higher education, including tuition, fees, books and living expenses. This support can come from government agencies, educational institutions or private organizations and is intended to make education more accessible to individuals who may not have the financial means to pay for it entirely on their own.

Etymology: The term "aid" has Old French origins, from the verb "aider", meaning "to help" or "to assist". "Financial" is derived from the Latin word "finis", meaning "end" or "limit". Therefore, "financial aid" signifies assistance provided to overcome financial limits or constraints.

Synonyms or related academic terms: Financial assistance, student aid, educational funding, tuition support.

Examples of Use:

  • Many students rely on financial aid to afford the costs of attending college or university.
  • There are different types of financial aid, including scholarships, grants, loans and work-study programs.
  • Completing the Free Application for Federal Student Aid (FAFSA) is a common step in applying for financial aid in the United States.

Spanish: Ayuda financiera
French: Aide financière
German: Finanzhilfe
Italian: Aiuto finanziario
Portuguese: Auxílio financeiro
Japanese: 財政支援 (Zaisei shien)
Chinese (Simplified): 财政援助 (Cáizhèng yuánzhù)
Hindi: वित्तीय सहायता (Vittee sahayata)

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Wikipedia Article

Financial Aid

unirank Glossary Classification

Miscellaneous higher education terms > University financial terms

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