financial aid

[fi-nan-shuhl eyd, fahy-]

noun

1. monetary support, as a loan or scholarship, that is used to pay for school, especially higher education.

   I don’t qualify for need-based financial aid, so I’ll have to hope I’m awarded a merit-based grant.

Word History and Origins

Origin of financial aid¹

First recorded in 1770–80, for an earlier sense

Example Sentences

There was an even bigger incentive offered by Pace: Prospective applicants who visit are promised an additional $1,000 a year of financial aid if they enroll.

Read more on Los Angeles Times

Brick said the plan was “not a reduction in financial aid” and that UC would be able to actually better help with “inflationary costs that impact non-tuition educational expenses.”

Read more on Los Angeles Times

Supporters say the policy benefits cash-strapped students, ensures continued financial aid and allows parents to plan long term for education costs.

Read more on Los Angeles Times

The university projects the cost of attendance for the current academic year to be $99,139, inclusive of housing, though many students receive robust financial aid.

Read more on Los Angeles Times

At participating schools, 76% of students filed a federal financial aid application last year, compared with 50% of all graduating seniors.

Read more on Los Angeles Times

Related Words

• aid 
• allowance 
• appropriation 
• assistance 
• bonus 
• contribution 
• endowment 
• gift 
• grant 
• payment 
• pension 
• premium 
• scholarship 
• support