Financial aid helps students and their families pay for college. This financial assistance covers educational expenses including tuition and fees, room and board, books and supplies, and transportation. There are several types of financial aid, including grants and scholarships, work study, and loans.
Yes, there are some circumstances where you might lose financial aid funds. Federal law mandates financial aid recipients maintain a certain standard of academic performance in order to qualify for and retain financial aid eligibility. Failure to meet these requirements can result in the loss of financial aid. You might also lose financial aid eligibility if you drop below half-time enrolment or if you fail to enroll.
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