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The federal government does not distribute aid directly to the student or the student's family; it goes through the college. Colleges use the student's federal student aid eligibility and combine it with state financial aid (if any) and their own aid to create a financial aid package for the student.
The FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...
Filing the Free Application for Federal Student Aid, or FAFSA, is an important step in the college planning process because it determines eligibility for federal grants, loans, scholarships and ...
The U.S. Department of Education uses a standard formula to evaluate financial information reported on the Free Application for Federal Student Aid (FAFSA) for determining the student's Expected Family Contribution (EFC). [6] Pell Grants were created by the Higher Education Act of 1965. These federal funded grants are not loans, and need not be ...
Parents are surveyed regarding topics such as marital status, income, age, occupation, and the types of financing used to pay for their child's postsecondary education. [8] Financial Aid records are collected from the National Student Loan Data System (NSLDS). This data contains information about financial need (in the form of expected family ...
The Free Application for Federal Student Aid, known as the FAFSA, officially opened Thursday for students seeking financial aid for college during the 2025-2026 school year.
The FAFSA Simplification Act impacts all college students, regardless of their income and financial situation. In some cases, financial aid will increase substantially for students, while others ...
The original FAFSA form had 108 questions, which was a significant barrier for many low-income families seeking financial aid. [22] The questions were broadly seen as excessively detailed and unnecessarily complicated, with students being required to dedicate several hours to completing their application.