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financial aid

[ fi-nan-shuhl eyd, fahy- ]
/ fɪˈnæn ʃəl ˈeɪd, faɪ- /
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noun
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.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

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