Definition

1. Noun:
   • Money provided to support a person or cause: "Financial aid" refers to monetary assistance given to help someone in need or to support a project, organization, or individual, often because they are considered deserving or worthy. It is commonly associated with funding for education.

Usage Examples

• Noun:
  • The university offers generous financial aid to students from low-income families.
  • Many non-profit organizations rely on donations as financial aid for their community projects.
  • After the disaster, the government provided immediate financial aid to the affected region.

Advanced Usage

• "To apply for financial aid": to formally request monetary assistance, especially for educational purposes.
  • Prospective students must complete the FAFSA to apply for federal financial aid.
• "To be eligible for financial aid": to meet the necessary requirements to receive monetary support.
  • Her academic record made her eligible for several forms of financial aid.

Variants and Related Words

• Aid package (n): a set of different forms of financial assistance offered together.
  • The student's financial aid package included a grant and a work-study opportunity.
• Grant (n): a sum of money given for a particular purpose, especially by a government or foundation, that does not need to be repaid. This is a common type of financial aid.
• Scholarship (n): a grant of financial aid awarded to a student, typically based on academic or other achievement.

Synonyms

• Funding: money provided, especially by an organization or government, for a particular purpose.
• Assistance: help or support, which can be financial.
• Subsidy: a sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low.

Related Phrases

• Financial assistance: a phrase often used interchangeably with "financial aid."
  • The company provides financial assistance for employees pursuing further education.
• Need-based aid: financial aid awarded based on the applicant's financial circumstances.
• Merit-based aid: financial aid awarded based on the applicant's achievements or talents.

Notes

• In an educational context, "financial aid" is a broad term encompassing loans (which must be repaid), grants and scholarships (which do not require repayment), and work-study programs.

Noun

1. money to support a worthy person or cause