Sentences with phrase «federal financial aid formula»

The current federal financial aid formula counts — at most — only 5.6 % of parental assets towards the following year's college expenses.

During need analysis, the federal financial aid formula assesses a percentage of student assets and a percentage of parents» assets.

According to savingforcollege.com, a maximum of 5.64 % of all parental assets, including 529 plans owned by a parent or a dependent student, is counted toward the expected family contribution for college by the federal financial aid formula, compared to 20 % of student assets.

One caveat: If your child is the beneficiary of a 529 account that belongs to someone outside the immediate family, the value of the plan doesn't get factored into the federal financial aid formula, but withdrawals are treated as student income.

These assets are considered parental assets and are factored into federal financial aid formulas at a maximum rate of about 5.6 % versus the 20 % rate that is assessed on student assets.

But, because 529 savings plan assets are considered parental assets, they are factored into federal financial aid formulas at a maximum rate of about 5.6 %.

Not exact matches

-- The National Association of Student Financial Aid Administrators is recommending changes to the Federal Work - Study program that include revising the campus - based aid allocation formula and expanding the definition of the community service requirement: http://politico.pro/28WptAid Administrators is recommending changes to the Federal Work - Study program that include revising the campus - based aid allocation formula and expanding the definition of the community service requirement: http://politico.pro/28Wptaid allocation formula and expanding the definition of the community service requirement: http://politico.pro/28Wpt5Z.

Federal Methodology The formula that is used by the federal government to determine expected family income for student financiFederal Methodology The formula that is used by the federal government to determine expected family income for student financifederal government to determine expected family income for student financial aid.

The federal financial aid eligibility formula includes an Education Savings and Asset Protection Allowance that excludes a portion of the assets that are counted (primary residence and retirement accounts are already excluded).

Money in a Roth IRA doesn't count as parental assets under the federal formula for student financial aid, but some schools use a different formula that may count this money.

The federal EFC is based on a government formula and determines how much federal financial aid your student is eligible to receive.

In addition, insurance savings are usually sheltered from federal financial aid analysis formulas, and the policy can secure permanent insurance for the child regardless of future health insurability issues.

According to Robert Helgeson, director of financial aid for Valparaiso University in Indiana, «In the federal formula that determines how much financial aid a student receives, there are asset protections for money in a parent's name that are not there for money in a student's name.