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Download full textCollins, Benjamin – Congressional Research Service, 2021
This report describes the need analysis formulas used to calculate the Expected Family Contribution (EFC) for federal student aid applicants. The formulas are codified in Title IV of the Higher Education Act (HEA), as amended. The Free Application for Federal Student Aid (FAFSA) is the data collection instrument through which students submit the…
Descriptors: Federal Aid, Student Financial Aid, Need Analysis (Student Financial Aid), Parent Financial Contribution
McSwain, Courtney – Institute for Higher Education Policy, 2008
This report discusses the ability of specific policy options in strengthening the Pell Grant program to meet the significant financial needs of low-income students. These policy options include: (1) raising the appropriated maximum Pell Grant award; (2) raising both the minimum and appropriated maximum Pell Grant awards; and (3) adjusting federal…
Descriptors: Financial Needs, Federal Aid, Student Needs, Student Financial Aid
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Direct linkSmith, Matthew A.; Baum, Sandy; Mcpherson, Michael S. – Theory and Research in Education, 2008
Under current law, students pursuing an undergraduate degree in the United States are considered financially independent (from their parents) for the purposes of financial aid if, among other conditions, they are 24 years of age or older. When students' parents are able to pay, considering them financially independent may result in more generous…
Descriptors: Undergraduate Students, Student Financial Aid, Evaluation Criteria, Adult Students
Farrell, Elizabeth F. – Chronicle of Higher Education, 2007
Five years ago, the National Institute of Certified College Planners, an organization that licenses college-planning professionals, did not exist. This year the organization has 1,200 registered members. Professionals in college financial planning say business is booming, and the bulk of demand for their services is coming from families with…
Descriptors: Student Financial Aid, Paying for College, Consultants, Family Income
Asher, Lauren – Institute for College Access & Success, 2007
There is widespread agreement that the complexity of the current Free Application for Federal Student Aid (FAFSA) is a barrier to college access and success. One indication is the large and growing number of lower income college students who do not apply for aid, even though they are likely eligible for a Pell grant: an estimated 1.5 million in…
Descriptors: Income, Internet, Information Technology, Student Financial Aid
Cochrane, Deborah Frankle – Institute for College Access & Success, 2007
Financial aid can encourage students to enroll in college and increase their odds of academic success. While the California community colleges (CCCs) have very low fees, which are waived for most low-income students, the additional expenses of books, supplies, transportation, housing, food and childcare can create significant financial barriers to…
Descriptors: Student Needs, College Students, Community Colleges, Interviews
