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Financial aid is for those who would otherwise be unable to afford college.
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First of all, the financial aid would be given to everyone so the overall price would automatically be reduced. Second, the cost of college is far less then the benefits in income you make over your lifetime, so college is still a good decision for the poor. Third, poor people get loans for houses and cars, why not big loans for education?
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Financial aid makes it so education is not just for the rich. It's important that even the poor and middle class have a chance to succeed and become productive members of society, just like your parents have become.
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So do you think that if the poor had to pay the real cost like everyone else they couldn't become rich. You know after they graduate, they have mostly the same opportunities. So why couldn't they still become rich. Last I checked, people can take on debt and still became very wealthy.