If you qualify for a work-study program, your school will pay you directly usually weekly or every other week unless you request that money be applied to your student account. Get started by learning all you need to know to get the money you need for school.
Jon is a writer and marketer for Nitro who is passionate about bringing transparency to the student loan process along with providing families with the information needed to make smart financial decisions. As he continues to pay them off himself, he strives to help others do the same. Jon also has a long history of connecting people with educational opportunities to help them improve their careers and their overall personal finances.
In his free time you can find him reading travel blogs and researching destinations around the world in search of his next adventure. Read more by Jon O'Donnell. View Disclosure. See Examples. Disclaimer: The information obtained throughout the Nitro site is intended to be used for educational purposes only. All product names, logos, and other trademarks displayed within the Nitro site are the property of their respective owners.
The meanings of the acronyms are as follows:. If an asterisk appears next to the EFC figure, the student has been selected for verification. The asterisk is followed by a code that explains the reason why the student was selected for verification. The letter explains the reason for selection, and the number indicates the priority, with code 1 the highest priority and code 25 the lowest priority although there are higher codes.
Some states and most private colleges require the asset information in Section G to compute their own financial aid awards. Including this information will not affect your eligibility for federal financial aid it is disregarded by the Federal Need Analysis Methodology if you qualify for the Simplified Needs Test.
Even if none of the schools require the information, you should include it anyway, just in case. Homeschooled students have not been required to take the GED or take an ability-to-benefit test since the Higher Education Amendments of High school dropouts must take a GED exam or an ability-to-benefit test, but students who have completed a home schooled secondary education that satisfies the requirements of state law do not.
Many private scholarships are open to homeschooled students. Some scholarships, however, require a high school diploma or GED. If a scholarship requires a high school diploma or GED, ask for a clarification or exception before applying. An entire section of Finaid is devoted to the topic of Divorce and Financial Aid. It discusses which parent is responsible for completing the FAFSA, the obligations of non-custodial parents to pay for college, college support agreements, the obligations of step-parents, and the ability of non-custodial parents to take advantage of the various tax benefits for education.
An entire section of Finaid is devoted to the topic of Bankruptcy and Financial Aid. It discusses both whether student loans can be discharged by bankruptcy, as well as the impact of a bankruptcy on eligibility for student aid.
This question comes up frequently, because the popular press and scholarship matching services like to use it as an example of unusual scholarships. The only scholarship for left-handed students is the Frederick and Mary F. This scholarship is awarded to left-handed students who will be attending Juniata College.
The employee share of FICA taxes is calculated automatically by the need analysis formula based on income earned from work. If you include line 58 in the total for taxes paid, contrary to the FAFSA instructions, you are double counting the self-employment taxes.
Skip to primary navigation Skip to main content Skip to primary sidebar Skip to footer. Here are some of the most common topics about financial aid. Should I apply for aid anyway? Do I need to be admitted before I can apply for financial aid at a particular university? Kathryn Knight Randolph October 25, Can you lose your financial aid just for getting bad grades? Yes -- learn more. Some students in college have found out the hard way that getting good grades literally pays.
The Federal Pell Grant is financial aid that is awarded based on financial need and is not money that has to be paid back. Students can receive this award for up to 12 terms or six years. Once you have earned your baccalaureate, first professional degree, or used all 12 terms of eligibility, you will no longer be eligible to apply for a Pell grant.
You will need to do this once every year to plan to receive any form of financial assistance towards your education. You will only need to complete this once, but if you have any changes during your filing process, you can go into your application and make the necessary updates.
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