Federal aid and scholarships are forms of financial assistance to help students cover the costs of their education. Federal aid includes grants, loans, and work-study programs funded by the U.S. government, with eligibility determined primarily through the Free Application for Federal Student Aid (FAFSA). Grants, like the Pell Grant, do not require repayment, while loans must be repaid after graduation. Scholarships are typically awarded based on merit, financial need, or specific criteria like field of study, background, or community service. Unlike loans, scholarships do not require repayment and can be offered by government entities, schools, private organizations, and foundations. Both federal aid and scholarships reduce financial barriers, making higher education more accessible.