Federal financial aid is critical to student access and success in postsecondary education for many students, including most Latinos. However, three current realities are challenging the effectiveness of federal financial aid policy today: (1) the inability of federal aid to keep pace with the increase in college costs for students; (2) the growing representation of students who do not meet the characteristics of "traditional" college students; and (3) the broad recognition that to meet national needs of a more educated citizenry and competitive workforce, federal aid policy must be redesigned. This white paper uses a Latino lens to articulate challenges and opportunities for financial aid policy, using both public data and input by students, institutional partners, and other stakeholders. The Latino lens is not intended to exclude consideration of other groups. Instead it offers a contemporary lens to more accurately see America's student population. It provides a fresh perspective on financial aid policy by using the profile of this young and growing population as the baseline, rather than the footnote, to define the post-traditional student. With a Latino lens, policymakers can reimagine issues to develop more effective policies, engage diverse stakeholders, and enhance tactical responses to better serve a growing majority of students with a post-traditional profile.