Word: fafsa
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Most of the $40 billion in grants, loans and work-study assistance that students receive through the DOE's Student Financial Assistance Programs (SFA) is obtained via this form, known as FAFSA (Free Application for Federal Student...
...outset, each school will evaluate your FAFSA (Free Application for Federal Student Aid) using a federal formula to determine how much federal aid you're eligible for, including loans with competitive interest rates, like the Perkins and Stafford (see chart). You'll receive a report from each school advising you of your expected family contribution...
...equalize aid offers and thereby prevent bidding wars over the best and brightest students. Then in the early '90s, the U.S. Justice Department argued that the Overlap Group was essentially engaging in price fixing and forced an end to the program. Now only the government monitors need, through its FAFSA process, and, though the colleges claim their policy is not to award scholarships purely on merit, there is a lot of juggling around the fringes of that policy...
President Neil L. Rudenstine's aid package for 1996 totaled $257,533, and he didn't even have to fill out a FAFSA. Moreover, counting in those "aid" packages Knowles lauds are of course the unsubsidized loans, all 100 percent repayable (with interest). These loans are fully funded by the federal government and they are available to any student at any accredited institution. If outside loans really constitute aid, Mastercard and Visa are some of the biggest suppliers of student aid today...
Although students were affected by the delay in processing applications and distributing grants, Harvard was able to able to fund scholarships by drawing on reserve funds from its endowment, Miller said. Harvard also uses the College Scholarship Service's Financial Aid Form (FAF) rather than FAFSA, he said...