What is a Student Aid Report?
What does it mean? The Student Aid Report (SAR) lists a student’s eligibility for federal student aid and summarizes the information submitted on the FAFSA application. Your eligibility is based on your Expected Family Contribution (EFC) which is calculated based on the information you submitted on the FAFSA. The SAR will also include your Data… Continue reading
What is college work-study?
What does it mean? Work-study refers to the federal financial aid program where students are employed in campus sponsored jobs. Their earnings are considered part of their financial aid award since half of it comes from federal funds. Jobs are available only to students who qualify by submitting the FAFSA. Some states and colleges have… Continue reading
What is need-based aid?
What does it mean? Need-based aid is financial aid that is awarded based on a student’s financial status. To qualify for federal and most college need-based aid, students must submit the Free Application for Federal Student Aid (FAFSA). The FAFSA calculates an Expected Family Contribution (EFC). A student’s financial need is the difference between the… Continue reading
The College Cost Gap – How Much is Your Gap?
As a parent, you hope you can find a way to pay for college. With college prices rising rapidly, how much college will cost has become a commonplace worry these days. To ease this concern, many parents believe that if their child works hard, gets good grades, and scores well on tests, they will get… Continue reading
What is FAFSA?
What does it mean? The FAFSA is the Free Application for Federal Student Aid. This is the financial aid form that students must complete to become eligible for any federal college financial aid programs, including federal student loans and work study. Many states used it to distribute state-based financial aid. The majority of colleges require… Continue reading