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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.
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 Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)
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The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) ...
The Department of Education argued that the development of a national student unit record tracking system, with appropriate privacy safeguards, which collects, analyzes and uses longitudinal student progression data was a vital tool for accountability and policy-making. This sparked an immediate reaction regarding the implications of what this ...
Federal student loan forbearance allows you to skip your student loan payments for a given time or temporarily make a smaller payment. The catch: Interest will still accrue on your balance.
In discussions of the cost of college in the United States, the cost of attendance (COA) (also known as the price of attendance) is a statutory term for the estimated full and reasonable cost of completing a full academic year (usually, nine months) as a full-time student. The cost of attendance is published by each educational institution and ...