... Judgment. Financial Aid Award. A financial aid award is a component of the financial aid package. Awards come in many types, such as grants, scholarships, loans and student employment. Financial ... more days. Alternative Student Loan. See Private Student Loan. Asset. An asset is property with a financial value, such as bank and brokerage accounts, cash, stocks, bonds, mutual funds, money ... about planning and paying for college Page 2 Problems and Pitfalls with Financial Aid Award Letters No standard for financial aid award letters. There is no standard format for financial...