Search results
Results From The WOW.Com Content Network
The payments will be offered to "students who received need-based financial aid to cover some but not all costs (tuition, fees, room, and/or board) to attend," according to the settlement order.
To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC).
Dartmouth is unwavering in its commitment to provide financial aid based solely on the individual needs of our students.” A Vanderbilt spokesperson told CNN in a statement: “Though we believe ...
In the U.S., a grant is given on the basis of economic need, determined by the amount to which the college's Cost of Attendance (COA) [6] [7] exceeds the Expected Family Contribution (EFC), [8] calculated by the U.S. Department of Education from information submitted on the Free Application for Federal Student Aid following formulas set by the United States Congress.
The ISIR is also sent to state agencies that award need-based aid. Students can file an appeal with their college financial aid office in order to seek additional financial aid if their current financial situation is no longer the same as the financial information they provided on FAFSA (i.e. their parent recently lost their job).
Most federal aid is need-based. The three most common types of aid are grants, loans, and work-study funds. Grants are a type of financial aid that does not have to be repaid. Generally, grants are for undergraduate students and the grant amount is based on need, cost of attendance, and enrollment status.
Appeals usually fall under one of two categories: 1) need-based aid, which bases your appeal on special financial circumstances that may not already be reflected in the FAFSA; and 2) merit-based ...
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). Certain schools ...