Financial, ethnicity, eligible, and free
Alice is a Chinese-American student. She needs student financial aid to her college education. Due to her origins, she could get an ethnicity-based scholarship. She could also apply for other kinds of scholarships for which she is eligible. Although Alice could get a loan, she should really try getting a scholarship because money received as a scholarship is essentially free money.
The student financial aid is the financial assistance that is available basically to students attending a tertiary educational institution who are encountering financial problems while attending college. The student financial aid can be given in the form of scholarships, grants, and education loans, and it is obtainable from the governments (federal and state), educational institutes, and private organizations.
