“The CSS Profile form often considers the income and assets of both parents’ households,” saysJohn F. Pearson, a financial professional with Barnum Financial Group’s Center for College Planning in Stamford, Conn. Because the CSS Profile looks at household income, a stepparent’s income will...
The Free Application for Federal Student Aid, known as the FAFSA, is the official form to apply for federal financial aid to pay for college. It is also used by many states, individual colleges, and universities in making their financial aid decisions. Specifically, the FAFSA determines who wi...
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Students can receive merit scholarships for good grades, high test scores and participation in extracurricular activities.
Before your student applies to anycollege, it’s important to understand the cost of attendance as it applies to your family’s financial situation. Many disappointments can be avoided if this is the first step before applying to any college. We made that mistake with my daughter and although...
and other considerations. Eligibility for need-based financial assistance is calculated by subtracting a family’s SAI from each school's estimated cost of attendance (COA). The difference is known as "demonstrated financial need." While the COA varies from school to school...
The EFC caused confusion for years, experts say, because many families believed the calculation was the amount they were required to pay for college. However, that wasn't true. Colleges determine financial need by subtracting the student's EFC, now the SAI, from...
With 116 questions, the FAFSA is almost as long as IRS Form 1040 and substantially longer than Forms 1040EZ and 1040A. Aid for college is intended to increase college attendance by reducing its price and loosening liquidity constraints. Economic theory, empirical evidence, and common sense ...
1. Attendance or enrollment status You must be attending or planning to attend college or career school during the academic year for which you’re completing the FAFSA. Continued enrollment may rely on maintaining satisfactory academic progress. ...
An applicant’s eligibility for needs-based financial aid is determined by subtracting both the Student Aid Index (SAI) and Other Financial Assistance (OFA) from theCost of Attendance (COA). The difference between the COA and the SAI plus the OFA will be the applicant’s financial need, as...