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In the college financial aid process in the United States, a student's "need" is a figure which colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance , which current rules require each college to specify.
In the post-secondary education system of the United States, an expected family contribution ( EFC) is an estimate of a student's, and for a dependent student, their parent (s)' or guardian (s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an ...
Direct Subsidized Loan. $3,500 to $5,500 per year, depending on year in school. Undergraduate students with financial need. Direct Unsubsidized Loan. $5,500 to $20,500 per year, depending on year ...
Pell Grant. A Pell Grant is a subsidy the U.S. federal government provides for students who need it to pay for college. Federal Pell Grants are limited to students with exceptional financial need, who have not earned their first bachelor's degree, or who are enrolled in certain post-baccalaureate programs, through participating institutions. [1 ...
Federal Financial Aid (FAFSA): Filling out the FAFSA gives you access to financial support programs from the federal government, including grants, scholarships, work-study programs, and student ...
There’s one form prospective and current college students must submit in order to receive federal financial aid, and it looks a lot different than in prior years. The new FAFSA: What you need to ...
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