Many students are afraid to compete for scholarship because they fear that the scholarship will decrease their need -
based financial aid packages.
Net Cost Net cost is the difference between the cost of attendance and the need -
based financial aid package.
Out - of - Pocket Cost Out - of - Pocket cost is the difference between the cost of attendance and just the grants and scholarships and other gift aid in the need -
based financial aid package.
Every college and university has an outside scholarship policy that specifies what happens to your need -
based financial aid package when you win a merit scholarship.
For example, the Department of Education reports that for every dollar held in a 529 account in a parent's name, up to 5.6 cents will be subtracted from the family's federal need -
based financial aid package.
Not exact matches
Counselors have conversations with their students» parents, letting them know which schools have accepted their student and the
financial aid packages that each one is offering, and they make their recommendations
based on those schools offering the most
financial aid.
Students build Smart Wish Lists that include at least nine possible schools — three likely, three target, and three reach schools
based on the likelihood of admission, historic graduation rates,
financial aid packages and fit (i.e geography, major, cultural factors, etc).
If you've applied to a number of different schools with good
financial aid packages then by the time you start getting your acceptance letters, you should have a number of schools that you can choose from
based on the academics, the student experience, and the
financial aid available.
It's true that a need calculation
based on the Free Application for Federal Student
Aid (FAFSA) usually determines the boundaries of a university's financial aid packa
Aid (FAFSA) usually determines the boundaries of a university's
financial aid packa
aid package.
Each has its own eligibility requirements and different potential benefits (such as student loan forgiveness, income -
based repayment plans, etc.), so make sure you understand which loans you are signing on for when you accept your
financial aid package.
Based on your EFC, you will be given a
financial aid package.
Schools will award unsubsidized loans that are
based on the cost of attendance and other
financial aid in your
package.
A
financial aid office might include these loans in your
financial aid package after it has exhausted need -
based funding.