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Welcome to StudentFinAidInfo
Question: I am attending Troy University and applied for financial aid. I received an EFC of 16636...what does that mean
Answer: EFC means "Estimated Family Contribution," good ...
EFC means "Estimated Family Contribution," good luck.
Answer: It means Expected Family Contribution. It is saying this is ...
It means Expected Family Contribution. It is saying this is how much money you are expected to have toward your education accrding to what you put on your FAFSA. It is kind of a high number, so I would check to make sure you filled it out right. You wont get very many grants with this number, maybe some loans.
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Question: does anyone know if an EFC of 2380 warrants any financial aid?
Answer: Depends on the school your applying to. The higher the cost ...
Depends on the school your applying to. The higher the cost the larger the difference they have to make up. 4000 in state is much different than 50000 private college.
Answer: Yes, this is a pretty low efc. If you are an undergraduate, ...
Yes, this is a pretty low efc. If you are an undergraduate, you will likely qualify for a partial Pell grant. You would likely also qualify for Subsidized Stafford loans and maybe perkins loans and perhaps even state grants as well.
Answer: You could qualify for some Pell, and most likely some ...
You could qualify for some Pell, and most likely some institutional money, and loans. It also depends on if you are considered dependent or independent. Family size is also taken into consideration. It is a better number if you are dependent.
Question: Financial aid, out of state tuition...help?
A friend of mine has lived in Montana for the past few years off and on from California. They have worked in MT for the past year or so and are considering going back to college in CA but cant afford the out of state tuition. Is there any way of getting around that? Please help, any advice would be great. Thanks!
Answer: Sure is - stay in school in MT.
going to school in CA means ...
Sure is - stay in school in MT.
going to school in CA means working for up to one year b4 even attending any school in CA. out of state tuition is for full length of school.
Answer: Here is how the 2008-09 Counselors and Mentors Handbook ...
Here is how the 2008-09 Counselors and Mentors Handbook address the "state of legal residence" question:
Your state of legal residence (Q18) This information is used in the EFC calculation to determine the appropriate allowance for state and other taxes paid by that state?s residents. It also indicates which state agency should receive the student?s FAFSA information. (Many state agencies use the FAFSA to award state-based student aid.)
Different states have different definitions of legal residence; if the student is unsure, he or she should contact the financial aid office at a school in his or her state.
If you have questions as to how you would determine your state of legal residence, check your driver's license and federal income tax return. Those two items should contain the address that you consider to be "home". If your friend has MT listed on his/her driver's license, then listing CA as his/her legal state of residence on the FAFSA would seem inconsistent. If he/she lists MT as his/her legal state of residence on his/her FAFSA, only the school could waive the out-of-state tuition requirement (and you have a better chance of winning the lottery!).
Hope it helps... Good Luck!
Answer: In order to be eligible for in state tuition in california, ...
In order to be eligible for in state tuition in california, they would have to move back to CA and do the standard stuff like get a drivers lic, car tags, set up a place to live, file CA state taxes, register to vote, and do all the normal stuff people do.
They would then have to live in CA (a year, sometimes two depending on the school) WHILE NOT ATTENDING COLLEGE. Depending on their age, they may have to prove they are self supporting during this time as well. After that time, they would be a resident and not be charged out of state tuition. Each schools policy may be a little different but this is the standard rules.
Good luck.
Question: Do parents income, assets affect a students ability to get financial aid or scholarships?
Answer: Most likely yes, if the student is under 23, you have to ...
Most likely yes, if the student is under 23, you have to report your parents income on your FAFSA, unless you meet the few guidelines, where you don't.
Answer: Your income will affect the amount your child will receive ...
Your income will affect the amount your child will receive in grants and government subsidized loans. It will not affect scholarships, or parent plus loans. The application is free, so no matter what the outcome you should fill it out. Also alway, always apply for any scholarship that your school makes available . They are usually located on your schools Financial aid website. One more thing to keep in mind when you are accepted to your school of choice you are generally assigned a Financial Aid counselor, find out who that person is by calling the Fin Aid office and schedule a meeting with them to discuss your opptions.
Answer: In the spectrum of educational funding, scholarships and ...
In the spectrum of educational funding, scholarships and grants are the "free money." These awards do not need to be repaid. In general, scholarships are given based on merit and grants are given based on financial need. They may be awarded based on need, or excellence in academics or other areas, or on a combination of both. The aid may be given by the federal or state government.
Many scholarships awarded to University students have separate processes, deadlines, eligibility criteria, and application forms. The resource links provided here will introduce you to a wide spectrum of possibilities available from the University and numerous other philanthropic agencies, organizations, and individuals.
Now the question is that how college funding works, the types of scholarships available, how to find them and how to apply for them. That?s pretty standard issue for a website about scholarships, although we think if you?ll pardon us saying so, that we?ve done an excellent and job of being comprehensive and readable. Here?s what?s different.
Scholarships are the ideal form of student aid, as they're basically gifts that never have to be repaid. On the other hand, student loans must be repaid, but they're made at very low interest rates, and you're usually you're not required to begin repayment until six months after you graduate. Some student loans require you to prove financial need, but some of them don't. Many students turn to student loans as a method to pay for college. Basically, if you cannot get access to the free money you have to borrow it in the form of a student loan.
http://badcreditloans.50webs.org/scholarships.html
Question: Applying for financial aid for community college?
I have everything required to get financial aid expect father's 2006 income tax return. If father don't have it can I claim myself as independent like financial aid is based only on income of last year? Do I really need father's 2006 income return to apply for financial aid? Thanks!
Answer: If you were NOT born before January 1, 1984, dont have ...
If you were NOT born before January 1, 1984, dont have children, are not married and have not been in the military, then it is mandatory for you to provide your parent's tax information per the department of education. You can contact your school and try to do an independent override. Sometimes that is an option and you would only provide your tax information. But it is up to the school to decide if you are eligible for that.
Answer: Most colleges and universities require this information from ...
Most colleges and universities require this information from your parents for aid, unless you've been emancipated, are married, been in the military, etc. But sometimes there are ways around this dilemma. check out this site for help:
http://www.schools2colleges.com/financial-aid.php
Question: Financial Aid? If my estimated Expected Family Contribution is 5043 then How much financial aid would I get?
Going to a state university... tuition is about $4500 per year... off campus and no meal plan.
Answer: You probably won't get any grants. You will get offered ...
You probably won't get any grants. You will get offered loans though. Normally, if your considered a dependent student (which has nothing to do with whether or not your parents can claim you on their taxes) your parents will have to get a loan for you too. If you're a dependent student and a freshman, I think the amount of loan you yourself can get through the government is about 2500-3000.
The system is screwed up, but at least it's something.
Answer: Like so many other financial aid answers, this one is also, ...
Like so many other financial aid answers, this one is also, "it depends..." With an EFC of $5043, I can tell you that you won't be getting a Federal Pell Grant. That being said, each school has its own "packaging policy" (their own formula for awarding all forms of aid - Federal, State and institutional) AND each school will assign you a "budget" or "cost of attendance" for the academic year. Your "budget" is based on your tuition and fees, books and supplies, room and board (even if you aren't living on campus), transportation and personal expenses. Your school should tell you what your "budget" is, but they usually keep their packaging policy private. But I can give you some basics: all eligible first-year dependent students can borrow $3500 on the Federal Stafford Loan program. Based on the student's demonstrated financial need (your "budget" minus your EFC), this loan can be subsidized (need-based), unsubsidized (non-need-based) or a combination of the two. If you are considered an "independent" student, you will also be eligible to borrow an additional $4000 unsubsidized Federal Stafford Loan for your first year.
Sorry I can't be more specific, but there's a LOT to financial aid! Good Luck!
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