In addition, students and parents will need to supply information on their income and assets, including bank accounts, investments, real estate (except for the family home), and any businesses they own (excluding family farms and small businesses). Both parents and students have a FAFSA account...
SAI is the number calculated, with information from the FAFSA, to determine a student's eligibility for college financial aid.
The FAFSA is the form that students need to fill out to apply for federal or state-based financial aid. The form uses your family's financial portfolio, including income, household size and total assets to determine your expected family contribution (EFC) — which in turn helps colleges assess...
Both the SAI and the EFC values are determined by answering similar questions on the FAFSA form about family income, assets, and the size of the household—but one EFC component that will not be carried over to the SAI is the number of family members currently enrolled in college. The EFC...
The cost of borrowing money on a yearly basis, expressed as a percentage rate. The APR may be higher or lower than the interest rate. Assets Items of economic value that may include a person’s home, business, savings and checking accounts, stocks, bonds, real estate, and trust funds. ...
Instead, the figure represents the amount the government believes you would be eligible for, based on your family's income, assets, and other factors. The amount that you receive could be less than, more than, or equal to your SAI. Why is this? The federal processor uses its own formula...
It requires the filer to liquidate assets, which means you will likely need to sell off a large portion of your property to satisfy part of what you owe to your debtors. Property can include land, your house, your car and even some of your retirement fund. This type of bankruptcy stays...
When you apply for the Free Application for Federal Student Aid (FAFSA), it will ask you to report all of your financial assets—including your savings accounts. Savings accounts count toward your net worth, so having a high balance may reduce a student’s eligibility for financial aid. How...
Sections of the application request student information, student and spouse income and assets, parental information, household information, and school information. This Braille version cannot be submitted; it is a reference that can aid the student completing the actual FAFSA. (SLD) 关键词: College ...
The information you report on your Free Application for Federal Student Aid (FAFSA) is used to calculate your EFC. Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your ...