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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. In some cases, despite financial hardship for the student, the student's family will simply be unwilling to pay the full amount, leaving the student to find their own ...
Providing that information to schools may be problematic because schools learn about students' other sources of funding and may adjust their financial aid packages accordingly. There is an asymmetric information problem since schools have full knowledge of their customers' ability to pay while students and their families have little information ...
Check with your school's financial aid office to see if it participates in the federal work-study program. ferrantraite / Getty Images Other Ways To Pay For College: A Non-Work-Study Job
With many colleges requiring deposits from prospective freshman students on May 1, the clock for families still unsure about which college to choose is ticking. For many, the choices will break ...
Financial aid: Some schools offer financial aid based on a family’s income compared to the yearly tuition costs, assets or even emergency or extenuating expenses, such as medical costs. While ...
The three-year repayment rate for each school that receives Title IV funding is available at DOE's College Scorecard. [96] This number may be a poor indicator of the overall default rate: some schools place loans into forbearance, deferring loans beyond the three-year window to present a low default rate. [97] [98]
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