This fact sheet, an update of a report published in 1987, provides an overview of the financial aid system for postsecondary education. It covers the various types of financial aid, the technical words and phrases used to discuss it, and the process involved in its disbursement. The fact sheet discusses the roles and responsibilities of those who play a significant part in the process of providing aid, such as the postsecondary educational institution, state and federal government, and private resources. It addresses the financial aid application procedure and suggests timelines and resources for individuals seeking financial aid. Particular attention is given to those expenses that are considered disability related, and suggestions are made about ways in which some of those expenses may be met. A brief description is provided of state vocational rehabilitation agencies, and services they provide, and the interaction between the state agency and the financial aid offices of postsecondary institutions. Additional possibilities for financial assistance are suggested, and 12 printed resources are described. (JDD)