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Colleges or universities have the legal authority to lower the EFC if there are unusual circumstances, usually brought to the financial aid office's attention as the result of an appeal of a financial aid award. These circumstances include: [citation needed] Loss of employment; Loss of child support, alimony, etc. Separation or divorce
With little to no financial assistance from my parents during college, I struggled to balance academics with earning the money I needed to support myself. I had to sell plasma, do work-study, and ...
Divorce is a major personal and financial event for most people. ... as this can have an impact on the amount of financial aid the kids may be eligible for when the time comes for college ...
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). The exact appeal process can vary from school to school.
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.
There’s one form prospective and current college students must submit in order to receive federal financial aid, and it looks a lot different than in prior years.
Depending on your family's financial situation, this could make paying for college a bit easier to deal with. Scholarships and Grants (aka Gift Aid): This is money that you don't have to pay back ...
If the EFC is less than the cost of attending a college, the student has a financial need (as the term is used in the U.S. financial aid system). Students can file an appeal with their college financial aid office to seek additional financial aid, though the information about the process is not always clear or available online.
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