Financial Aid–Functional Definition:
All forms of financial aid assistance to students including scholarships, fellowships, and loans.
Includes outright grants-in-aid, trainee stipends, tuition and fee waivers, and prizes to undergraduate students.
Includes outright grants-in-aid and trainee stipends to graduate students. It does not include funds for which services to the institution must be rendered, such as payments for teaching.
Includes student loan activity in funds 134, 147, 151, 152 and 405.