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SRN Express: What is Financial Aid? (720 words) |
 | Student Financial Aid emerged as a vital force in financing American higher education during the 1970's, when the Education Amendments of 1972 authorized a massive expansion of funding and also established a program to encourage the states to become involved or to do more in assisting their students with their educational costs. |
| Financial aid is designed to help individuals meet their educational expenses when their own resources are not sufficient. |
| A financial aid package is a combination of financial aid resources (grants, loans, work) put together by the college financial aid administrator and designed to meet, as closely as possible, a student's individual financial need. |
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