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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 ...
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 FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...
Need-blind admission in the United States refers to a college admission policy that does not take into account an applicant's financial status when deciding whether to accept them. This approach typically results in a higher percentage of accepted students who require financial assistance and requires the institution to have a substantial ...
Maximum amount (2024-25) Who is eligible? Pell Grant. $7,395 per year. Undergraduate students with financial need, some postbaccalaureate teacher certification students
The relaunch brings major changes such as fewer questions, the ability to list more colleges and availability in more languages. […] The post What to know about changes to this year’s FAFSA ...
The FAFSA is different from CSS Profile (short for "College Scholarship Service Profile"), which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is used by the colleges to distribute their own institutional funds, rather than federal or state ...
Also, keep the federal and college deadlines in mind as you renew or reapply for the FAFSA. If you miss a deadline, you risk not being eligible for financial aid for the upcoming academic year.