About This Chapter
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.
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.
1. What is Financial Aid? - Requirements & Sources
Financial aid is an important issue to understand when planning for college. This lesson will discuss what students need to qualify and apply for financial aid, as well as the different types of aid that may be available.
2. Do I Qualify for Scholarships or Financial Aid?
Financial aid vocabulary and procedures can be difficult to understand. This lesson will help by reviewing the different types of financial aid, how you can determine eligibility and how to maximize your financial aid possibilities.
3. Calculating the Expected Family Contribution (EFC)
In this lesson, we explore the Expected Family Contribution (EFC), an incredibly important factor in determining whether a prospective student is eligible for financial aid.
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