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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]
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.
There are many reports that many applicants fail to apply for financial aid when they are qualified for it, with an estimated 1.8 million students in 2006 qualifying for aid but failing to apply. [79] Applying for financial aid is recommended by almost all college admissions advisers, even for middle- and upper-class families applying to ...
You can complete the Free Application for Federal Student Aid (FAFSA), which opened in December 2023 instead of October, to determine how much federal aid you potentially qualify for in the ...
Federal Student Aid's core mission is to ensure that all eligible Americans benefit from federal financial assistance—grants, loans and work-study programs—for education beyond high school. The programs Federal Student Aid administers comprise the nation's largest source of student financial aid: during the 2010–11 school year alone ...
[137] [138] [139] In most cases, the barrier of entry for students who require financial aid is set higher, a practice called need-aware admissions. Universities with exceptionally large endowments may combine need-based financial aid with need-blind admission, in which students who require financial aid have equal chances to those who do not.
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