What determines how much financial aid I will get?
The amount of aid a potential student receives is determined by a number of factors – But to give you an idea, here are the main ones:
- Expected Family Contribution:
- Your Expected Family Contribution weighs heavily on how much aid your eceive for school – and with good reason: the more money your family is able to give, the less money the government needs to give you. The extra money can be used for those who’s families are less able to contribute.
- Your year in School:
- Generally, the longer you’ve been in school, the less financial aid you’ll receive.
- Your enrollment status:
- Part time students receive far less aid than those enrolled in at least 12 credit hours. To ensure that you get the maximum amount of aid, enroll as a full time student.
- The cost of attendance at your school
- Logically, the more tuition is at your school, the more help you’ll need from the government. As such, students at more expensive schools receive more money.
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Before you apply | admin, 12 Oct 07