The FAFSA has on it about 100 questions whose answers are analyzed by the federal government. How exactly is your need calculated for federal student aid?
Your need is directly proportional to you or your parent’s income and our estimated family contribution is subtracted from the cost of attendance. Your earning potential is estimated based on what school you may enroll in.
All federal aid recipients receive the same amount of money every year as long as the students have completed the FAFSA.
Faced with state budget cuts, many colleges are offering more student aid to their students. The price of attending college has increased dramatically over the past decade with tuition, fees and room and board increasing a full 45% in the past ten years.
If you plan on attending college and will be needing some assistance, be sure to fill out the FAFSA application. You can find information on this form at the US Department of Education’s website. Be sure to have your parents or a counselor assist you in completing the form so that nothing is omitted.
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