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For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
For years the application was called Financial Aid Form (FAF), which was an optional form used by some—but not all—colleges and universities. When Congress reauthorized the HEA in 1992 they created a standardized federal form for all prospective students seeking aid. [22]
These events also opened up all of the colleges that comprise the University of Florida to female students. Florida Women's Hall of Fame member Maryly Van Leer became the first woman to receive from the University of Florida a master's degree in engineering. [40] [41] African-American students were allowed to enroll starting in 1958. [42]
A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions.
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
Last year, the University of Florida saw over 7,800 students move into its residency halls, according to UF News.
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.
As of August 2022, the program funds four scholarship levels, available to students who: Are U.S. citizens or legal residents; [10] Graduate from a Florida high school, OR earn a GED as a Florida resident, OR homeschooled students who are registered with their local district for at least two school years, OR out-of-state students who earn a diploma from a non-Florida high school while living ...