Financial Aid Purposes refers to the use of financial assistance in order to help students pay for their college education. This can include grants, scholarships, work-study programs or student loans that are provided by various sources such as colleges, universities, private organizations or government agencies. The purpose is to provide support and resources to students who may not be able to afford the full cost of tuition, fees, books, housing, food and other expenses associated with attending college. Financial aid can help level the playing field for students from different socio-economic backgrounds and make higher education more accessible and achievable for all.