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Most four-year colleges do not have enough financial aid to meet students' needs, and as a result, the unmet need must be paid by the parents, in addition to the EFC. The federal government offers unsubsidized Stafford Loans , which are available to any family regardless of need, as a source of funds to cover the unmet need.
Key takeaways. The Free Application for Federal Student Aid (FAFSA) is a form you complete annually for financial aid. If your parents never married, enter "never married" for Step 4 on the form.
The Pell grant is worth up to $7,395 during the current school year – though not every recipient qualifies for the maximum amount as it depends on financial need. Due to changes to the FAFSA ...
The federal financial aid form looks different in the 2024-25 school year. Here's what college students and parents need to know about the new FAFSA.
The parents use these loans to pay for educational expenses on behalf of the student. For undergraduate students, there is the parent loan for undergraduate students or PLUS Loan. This loan allows parents to borrow up to the total cost of attendance, minus any other financial aid the student receives.
Filling out the FAFSA form can be long and arduous, yet yield thousands of dollars in subsidized loans for students. Due to the amount of time it typically takes to fill out, there are some common...
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
EFC and FAFSA might seem confusing, but these simple-enough terms will help you figure out how much need-based financial aid you could receive for college — all you’ll need is some middle ...