Information about Financial Aid Essay -- essays research papers

Financial concernFinancial aid is m atomic number 53y in the form of loans, grants and employment that is available to a student to suffice pay the cost of attending. Financial aid comes from the federal government, which is the largest provider of aid, as well as state government, the school and a variety of other mankind and private sources. If you think your educational expenses are more than you and your family can afford, you should apply for financial aid using the Free Application for Federal Student Aid (FAFSA). You will need to apply for financial aid every year by completing a FAFSA. The FAFSA includes all the information necessary to determine your eligibility and must(prenominal) be completed if you want to be considered for all of the federal programs sponsored by the U.S. Department of Education. The FAFSA is available in two formats theme and electronic. If you complete a paper FAFSA, you will mail it directly to the application processor listed on the FAFSA. Or you can apply online at www.fafsa.ed.gov and list school code will gravel your processed information.You should apply for financial aid (for the upcoming academic year beginning in August) as soon after January 1 as possible. umpteen financial aid programs have limited funding, therefore early application is recommended. Application should be completed at least one month preliminary to the semester you are planning to attend. If you apply for funding late, you will receive your funding late.Financial Aid EligibilityTo be considered for financial aid you mustbe enrolled as a degree- or certificate-seeking student.be a U.S. citizen or a permanent citizen of the United States.have a valid social security number.register with selective Service (if required).make satisfactory academic progress (successfully complete courses with grade of A, B, C, D or P at least 66% of the hours attempted severally term with a cumulative GPA of 2.0 or above.)demonstrate an ability to benefit (see be low).The following are the different types of Financial Aid availableGRANTS - specie that do not have to be paid back. Grants offered atPell Grants - Federal Pell Grants are available only to undergraduates with no prior b... ...fore, must demonstrate one of the following ATB requirements1. High school transcript showing graduation, or2. General Education Development (GED) certificate, or3. COMPASS test with a minimum set of 25 on Pre-Algebra/Numerical, 62 on Reading, and 32 on Writing, all completed in one test session, or4. College transcript with 60 or more transfer hours.Return of Title IV Aid (formerly called Refund/Repayment)The Federal Government has set guidelines concerning students who receive Title IV Aid and all withdraw from school or stop attending courses. Any student making a complete withdrawal or that stops attending their classes who standard a Federal Pell Grant, SEOG, Subsidized Stafford Loan, Unsubsidized Stafford Loan or a Parent (PLUS) Loan, will be requ ired to pay back money to the school without delay if they drop out or stop attending courses before 60% of the semester has been finished. After the calculations are figured, the Financial Aid Office will notify any student that might owe money back to the Federal Government. Your Financial Aid Satisfactory Academic Progress status will also be evaluated at the end of the semester and you will be notified accordingly