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The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...
To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid . The financial aid process has been criticized for its part in enrollment management, whereby students are awarded money not based on merit or need, but on the maximum the student families will pay. [1]
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. Federal Pell Grants are designed for low- and middle-income undergraduate students. Pell Grants for the 2023–2024 school year range from $750 to ...
What to do if you make a mistake on your FAFSA renewal Mistakes happen all the time; maybe you entered the wrong school or listed an old address. If that happens, don’t fret.
It can be confusing to navigate the world of financial aid, especially with so much misinformation out there. Unfortunately, some students and families miss out on federal aid because they don't ...
have signed the certification statement stating that: 1) they are not in default on a federal student loan and do not owe money on a federal student grant and 2) federal student aid will only be used for educational purposes; have not been found guilty of the sale or possession of illegal drugs while federal aid was being received. [3] (This ...
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Most grants have a term of one year (although some may have a longer lifespan, even indefinitely), and the recipient must use the assistance within that timeframe. This is done because federal assistance is tied to the federal government's budget process, and any funds not used by a recipient within the specified time limit reverts to other uses.