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How do you compare financial aid packages from different colleges?

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How do you compare financial aid packages from different colleges?

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You compare the cost of attendance for your program on the aid offer. If the school doesn’t list the cost of attendance on the aid offer, ask the financial aid office for this figure then you subtract the grant and scholarship amounts on your aid offer from the cost of attendance amount.  Compare the net costs for the schools you are considering. The net cost is the amount you will have to pay out of your pocket, using earnings from work or loan funds that you borrow.

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A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay.

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What is FAFSA? When can you apply for this and what is the deadline? What information is needed to complete the FAFSA application?

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What is FAFSA? When can you apply for this and what is the deadline? What information is needed to complete the FAFSA application?

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It's a form that can be prepared annually by current and prospective college students. Jan. 1 2017 is when you can apply and june 30, 2018 is when it's due. You will need your Social Security Number, your Alien Registration Number (if you are not a U.S. citizen) Your federal income tax returns, W-2s, and other records of money earned.

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You will have to complete the FAFSA

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The financial aid staff will start by deciding upon your cost of attendance at that school. They then consider your Expected Family Contribution. They subtract your EFC from your COA to determine the amount of your financial need

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What are the different categories of financial aid?

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What are the different categories of financial aid?

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There are 4 different types of financial aid with Merit-based, Need-based, Gift aid, and self-help Aid.

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Financial aid helps students and their families pay for college.