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Federal Perkins Loan (Perkins Loan) Program: This is a school-based loan program for eligible students with exceptional financial need. Students may qualify for a Perkins Loan of up to $8,000 each year depending on financial need, the amount of other aid received, and the availability of funds at the school.
Number of Family Members in College: If there are multiple family members attending college at the same time, the EFC for each student may be reduced. This is because the cost of education is divided among the family members, recognizing that there are multiple students with financial needs. Family Size: The size of the household affects the ...
How you file your FAFSA will determine the amount of aid you will receive for the following school year. A dependent student is one who receives financial support from their parents, while an ...
The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021. Students who are military veterans and active duty service members may apply for financial aid by filing a FAFSA even if they also apply for education and housing benefits offered by the Post-9/11 G.I. Bill and its
If you miss a state deadline, submit your FAFSA as soon as possible, then reach out to your state’s financial aid agency to ask about your options. There’s a possibility that you still could ...
The expected family contribution (EFC), which determines your financial need based on household income, family size and cost of attendance, will be replaced with the Student Aid Index (SAI).
Undergraduate and graduate students with exceptional financial need are eligible to receive a Federal Perkins Loan. The Federal Supplemental Educational Opportunity Grant (FSEOG) is a program through which Federal Student Aid provides funds to schools, who in turn offer the grant to students. FSEOG grants range from $100 to $4,000 during the ...
Filling out the Free Application for Student Aid (FAFSA) is often met with stress and confusion for students and their families, but changes are underway to make college aid more accessible ...