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For unmarried students under 24, Congress mandates that parental income and assets be included. The resulting figure is the student's "need". Colleges attempt to provide students with enough financial aid to meet all student need, but in most cases are unable to do so completely. The result is "unmet need".
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 ...
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 ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]
The FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...
The cost of one year at an in-state, four-year college keeps rising each year — surpassing $20,000 during the 2016-2017 school year.
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