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Students can file an appeal with their college financial aid office in order to seek additional financial aid if their current financial situation is no longer the same as the financial information they provided on FAFSA (i.e. their parent recently lost their job). The exact appeal process can vary from school to school.
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance, which current rules require each college to specify. Then it is subtracted the student's Expected Family Contribution ...
Each year Federal Student Aid's staff processes approximately 22 million FAFSAs. Additionally, Federal Student Aid is responsible for enforcing the financial aid rules and regulations required by the Higher Education Act of 1965 and the U.S. Department of Education and managing the outstanding federal student loan portfolio.
Fastweb, a free scholarship search platform, has a FAFSA FAQ and frequent articles related to the FAFSA and other financial aid news. The Illinois Student Assistance Commission, the state’s ...
If you made payments during the federal student loan moratorium (beginning March 13, 2020), you can get a refund for payments made by contacting your loan service provider, according to the ...
The Education Department (ED) provided a first look at the student loan forgiveness application on Tuesday, but did not say exactly when the form would go live for borrowers to fill out.
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Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]