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Most federal aid is need-based. The three most common types of aid are grants, loans, and work-study funds. Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status.
Need-blind admissions do not consider a student's financial need. In a time when colleges are low on financial funds, it is difficult to maintain need-blind admissions because schools cannot meet the full needs of the poor students that they admit. [73] There are different levels of need-blind admissions. Few institutions are fully need-blind.
have a valid Social Security number; have a high school diploma or GED; have signed the certification statement stating that: 1) they are not in default on a federal student loan and do not owe money on a federal student grant and 2) federal student aid will only be used for educational purposes;
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...
Mutual funds are a popular way to invest, and if you have a 401(k) or other workplace retirement plan, you probably own some. But mutual funds can be misunderstood. Here are four common myths ...
What to do if you make a mistake on your FAFSA renewal Mistakes happen all the time; maybe you entered the wrong school or listed an old address. If that happens, don’t fret.
The "Social Security Trust Fund" comprises two separate funds that hold federal government debt obligations related to what are traditionally thought of as Social Security benefits. The larger of these funds is the Old-Age and Survivors Insurance (OASI) Trust Fund, which holds in trust special interest-bearing federal government securities ...
The menu could include a mix of investments, such as mutual funds, company stock and index funds, as well as stable value funds (or cash), bond funds and so-called “target date” funds, which ...