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Financial Aid Glossary: Terms You Need to Know for College Planning

CFAA College Financial Aid Advisors

Student Aid Index The Student Aid Index replaced the Expected Family Contribution from prior years, which was the amount a family would have to pay out-of-pocket for college expenses. Now, the SAI will help colleges and universities determine how much funding a student can receive.

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Understanding Financial Aid: Loans, Grants, and Work-Study Explained

CFAA College Financial Aid Advisors

If you qualify for a Pell Grant, you could receive a substantial amount of aid. This is based on your FAFSA application and your familys financial situation. Many states and universities also offer grants to students, usually with similar eligibility requirements based on need. Dont forget to read the fine print!

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A Look at What Happens After Submitting the FAFSA

CFAA College Financial Aid Advisors

Receiving Financial Aid Offers After your FAFSA has been processed, each college or university youve applied to will receive your FAFSA data. The schools financial aid office will then use this information to create a financial aid package for you.

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Understanding the FAFSA Deadlines: Don’t Miss Out on Money for College!

CFAA College Financial Aid Advisors

School-Specific Deadlines: Colleges and universities often set their own FAFSA deadlines for institutional aid, such as scholarships or grants provided by the school itself. Some states have rolling deadlines, while others have specific cutoffs, often in February or March before the school year begins.

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The Ultimate Checklist for Completing The FAFSA

CFAA College Financial Aid Advisors

List the Colleges You’re Applying To You can list up to 10 colleges or universities on the FAFSA. They’ll all receive your financial aid information automatically, so make sure you include every school you’re considering applying to. Even if you haven’t made a decision yet, it’s a good idea to list multiple schools.

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Regular Decision: Your Best Option for Comparing Financial Aid Offers to Pay for College

CFAA College Financial Aid Advisors

Additionally, if your financial aid package isn’t sufficient, you’ll have more time to appeal or negotiate for additional funding. #4. You Can Maximize Scholarship Opportunities Many colleges and universities offer merit-based scholarships to Regular Decision applicants, particularly those who apply by the school’s priority deadlines.

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How to Make College More Affordable: Why Early Financial Aid Planning Matters

CFAA College Financial Aid Advisors

How to Start Financial Aid Planning Early: Know Your Deadlines Each college or university has its own financial aid deadlines. Work-Study Programs: These are jobs offered by the school where you work part-time to help cover your costs.