Financial aid plays a crucial role in increasing college enrollment by making higher education more accessible to low- and middle-income families. It provides necessary financial resources that cover tuition, fees, and living expenses, reducing the burden of student debt. Scholarships, grants, and loans allow students to focus on their studies rather than financial concerns. Furthermore, increased financial aid can promote diversity in higher education institutions by supporting underrepresented groups. As students gain access to higher education, they are more likely to complete their degrees and achieve better career prospects, ultimately benefiting society as a whole with a more educated workforce.