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Need-based financial aid is awarded based on the financial need of the student. The "need" of each student is a figure determined separately for each student. The Free Application for Federal Student Aid application (FAFSA) is generally used for determining federal, state, and institutional need-based aid eligibility.
In the United States, schools with large financial aid budgets—typically private, college-preparatory boarding schools—tend to offer either need-blind admission or a commitment to meet the full demonstrated need of the U.S. citizen students that they admit (as determined by the schools' respective financial aid departments). Both (1) need ...
FAFSA originally came from the 1965 Higher Education Act (HEA) by President Lyndon Johnson, this established the United States Government as the primary provider of financial aid for students. [21] For years the application was called Financial Aid Form (FAF), which was an optional form used by some—but not all—colleges and universities.
FAFSA is the primary source the federal government uses, based on your specific financial information, to decide if you qualify for need-based financial aid, including federal student loans ...
While not every student will qualify for need- or merit-based aid, most students will qualify for some sort of aid, which is why the U.S. Department of Education encourages everyone to submit a ...
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 ...
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