Ch 1: Understanding Financial Aid

About This Chapter

The lessons featured in this chapter explain the meaning of financial aid and cover some of the common income requirements. Knowing this information can assist you in the process of applying and searching for financial aid options.

Understanding Financial Aid: Chapter Summary

Most students enrolled in college have some sort of financial aid package. This chapter offers information on the types of financial aid sources available and examines the factors that contribute to how much a student can receive. This chapter includes:

Defining and finding sources of financial aid

Do you know the different types of financial aid available? After viewing this lesson, you'll understand the various forms of assistance, such as private donors and the federal government Let our guidance counselors break down the differences between the sources.

Determining qualification

This lesson focuses on how to meet the criteria for a financial aid package or a scholarship. You'll read about merit and needs-based scholarships and financial aid. Let us help you understand you options!

Figuring the family contribution

Here, you'll get information on the Expected Family Contribution (EFC) paperwork, which is needed to complete an application for financial aid. Experienced professionals teaching this lesson also explain the benefit of filling out the EFC form, go over the methods for determining the approved amount and review what considerations affect the total aid received.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the How to Apply for Student Financial Aid course