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When you fill out the Free Application for Federal Student Aid (FAFSA), you will be considered either a dependent student or an independent student, which determines whether your parents’ income ...
It’s up to each school’s financial aid office to determine on a case-by-case basis whether a change in marital status warrants a FAFSA adjustment, according to the 2019-2020 Federal Student ...
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.
In cases in which a student qualifies for merit-based (rather than need-based) financial aid, the student and their family may pay less than the EFC. A well-to-do family's EFC may exceed the cost of attendance at a school, and in that case the student does not have financial need, as defined by the federal financial aid system.
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.
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.
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 ...
Over a third of undergraduate students at CUNY come from households that earn less than $20,000 annually, meaning that many rely on financial aid to attend college. During the 2022-23 academic ...