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Before applying for loans, crunch the numbers to understand the long-term impact of loans on your financial health. Use a student loan calculator to figure out what your monthly payments will be ...
Depending on your year in school, your status and your financial need, it’s possible that you can get enough financial aid to cover the entire cost of your attendance. However, in many cases ...
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 ...
If you just completed your FAFSA form -- the free application for federal student aid -- you may be wondering when you'll find out just how much the federal government will kick in for your degree.
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.
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.
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