What "financial aid" means in finance

Financial aid refers to any type of funding or assistance that is provided to an individual or entity to help them meet their financial obligations. This can include loans, grants, scholarships, and other forms of financial support that are designed to help individuals or organizations cover the costs of education, business operations, or other expenses. Financial aid is often provided by governments, universities, corporations, and other organizations that have a vested interest in helping individuals and organizations succeed.