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On the FAFSA, students are either designated a dependent or independent student, with most students under 24 years being considered dependent. Parental income and assets are required with your ...
The federal government does not distribute aid directly to the student or the student's family; it goes through the college. Colleges use the student's federal student aid eligibility and combine it with state financial aid (if any) and their own aid to create a financial aid package for the student.
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.
The new FAFSA will replace the Expected Family Contribution with a different formula called the Student Aid Index that will help determine the amount that each student can receive in financial aid.
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. There's a new FAFSA in 2024.
Service member learners includes those with active, reserve, and veteran status. These students are automatically considered financially independent and were more likely to attend college part-time; Single parent learners are also all financially independent for FAFSA. This group was more likely to attend school part-time and to work 26 hours ...
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