understanding financial aid process
Understand how the financial aid process works with these 6 quick steps:
view what's needed to qualify for student financial aid. Understand college costs, dependency status and expected family contribution (EFC).
|Submit the FAFSA Form
students (and parents) must submit the FAFSA to start the aid process. The FAFSA is used by colleges and agencies to determine eligible aid amounts.
|Process the SAR
the Student Aid Report (SAR) summarizes your FAFSA information and calculates EFC. Review it carefully for changes and corrections.
|Analyze the Award Letter
colleges will use the SAR to determine your eligible financial aid awards. Compare your award letters among colleges to determine best aid package.
|View Available Aid Options
financial aid options include grants, scholarships, work-study, loans, state aid, community service, and other federal and private aid. View options.
|Apply for College Aid
apply for scholarships, federal and private financial aid. Learn how to best budget and manage student funds to avoid getting into excessive debt.