- Not everyone who needs financial aid will receive it. Financial aid is often limited and may not be enough to cover all of a student’s educational expenses. Students may need to seek additional funding sources, such as private loans, scholarships, or grants.
- Financial aid is often based on financial need. In order to qualify for financial aid, students must demonstrate financial need, which is typically based on their family’s income and assets. Students with higher levels of financial need may be more likely to receive aid, while those with lower levels of need may not receive as much or any aid at all.
- The availability of financial aid can vary by school. Different schools have different levels of financial aid available to students, and some schools may be more generous with their aid packages than others. It’s important for students to do their research and compare financial aid offers from different schools to determine which one is the most affordable for them.
