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Federal Student Aid Formula
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Book Synopsis Federal Student Aid Formula by : George A. Scott
Download or read book Federal Student Aid Formula written by George A. Scott and published by DIANE Publishing. This book was released on 2010 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: In FY 2008, the Dept. of Educ. dist. approx. $96 billion in fed. student financial aid, incl. $14.6 billion in Pell Grants to low- and middle-income students, to help them pay for higher educ. exp. Much of this aid was dist. based on a formula that is used to identify students who need financial assistance. How much a family can afford to contribute to college costs depends on a variety of factors, incl. the cost of living where a family resides. This report addresses these questions: (1) How does the current fed. financial aid formula affect students in different geo. areas? (2) What options exist for modifying this formula to reflect geo. cost-of-living differences? (3) How would adding a cost-of-living adjustment to the formula affect the fed. financial aid system?
Book Synopsis Federal Student Aid Formula by : US Government Accountability Office
Download or read book Federal Student Aid Formula written by US Government Accountability Office and published by . This book was released on 2009 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: In fiscal year 2008, the Department of Education oversaw the distribution of approximately $96 billion in federal student financial aid, including $14.6 billion in Pell Grants to low- and middle-income students, to help students and their families pay for higher-education expenses. Much of this aid was distributed based on a formula specified in the Higher Education Act, as amended, that is used to identify students who need financial assistance to pay for higher education. To apply for federal financial aid, such as Pell Grants, students submit a Free Application for Federal Student Aid on which they report their own or both their own and their families' income and assets. Students who are financially dependent on their parents or other family members are required to report their own and their family's income and assets, while those who are financially independent report only their own income and assets (and their spouse's, if they are married). To determine if a student has financial need, the aid formula compares how much it costs a student to attend a particular college and an estimate of how much the student or student and family can afford to pay toward the cost--called the expected family contribution (EFC). How much a family can afford to contribute to college costs depends on a variety of factors, including the cost of living where a family resides. Some observers have questioned whether the federal aid formula appropriately accounts for geographic cost-of-living differences. As required by the Higher Education Opportunity Act, we are providing information on options for adjusting the federal student aid formula for geographic cost-of-living differences. Specifically, this report addresses the following questions: (1) How does the current federal financial aid formula affect students in different geographic areas? (2) What options exist for modifying this formula to reflect geographic cost-of-living differences? (3) How would adding a cost-of-living adjustment (COLA) to the formula affect the federal financial aid system, including the distribution of Pell Grants? The study found that the federal aid formula accounts for a small degree of geographic cost-of-living differences, but it is unclear how geographic cost-of-living differences not accounted for in the formula affect a family's ability to pay for college. While no official measure of overall geographic cost-of-living differences exists, we have identified 3 possible COLA options that could be used in the aid formula. These COLAs have varying geographic scopes, impacts, strengths, and limitations. The COLAs we identified could increase Pell Grants and other aid to a small percentage of students from high-cost areas, but could also further complicate the calculation and administration of aid. Appended are: (1) Briefing Slides; (2) Scope and Methodology; (3) Counties Where Students Could See a Change in Financial Aid under Different COLA Options; (4) Summary of Effects of Adding a COLA to the Federal Needs Analysis Formula on Expected Family Contribution Levels and Pell Grant Awards; (5) Change in Pell Grant for Example Students in High-Cost and Low-Cost Areas for Each COLA; and (6) GAO Contact and Staff Acknowledgments.
Book Synopsis Federal Student Aid by : George A. Scott
Download or read book Federal Student Aid written by George A. Scott and published by DIANE Publishing. This book was released on 2010-06 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is concern about the length and complexity of the Free Application for Fed. Student Aid (FAFSA) and the statutory need analysis formula used to determine aid eligibility. A study group examined options and implications in simplifying the financial aid process. It focused on: (1) identifying ways to shorten the FAFSA and make it less burdensome to complete; (2) identifying changes to the statutory need analysis formula that would reduce the amount of financial info. required by the FAFSA without causing redist. of fed. and state student aid; and (3) determining how any changes to the FAFSA and the statutory need analysis formula could be implemented. This summary captures the ideas and themes that emerged at the panel and during interviews.
Download or read book The EFC Formula Book written by and published by . This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Filing the FAFSA by : Mark Kantrowitz
Download or read book Filing the FAFSA written by Mark Kantrowitz and published by Edvisors Network, Inc.. This book was released on 2014-01-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every year, more than 20 million students and parents file the Free Application for Federal Student Aid (FAFSA), the gateway to federal, state and school financial aid. Families often worry about making costly mistakes, but this step-by-step guide provides expert advice and insights to: · Maximize eligibility for student aid · Avoid common errors · Complete the form quickly, easily and accurately Praise for Filing the FAFSA: I found Filing the FAFSA to be an up-to-the-minute, accessible and readable resource for those with a keen interest in the current federal application for student financial aid. –Nancy Coolidge, Office of the President, University of California Families need a guide that breaks down the application form into logical sections. Filing the FAFSA is an important tool in removing some of the mystery surrounding the financial aid process. –Verna Hazen, Assistant Vice President and Director, Office of Financial Aid and Scholarships, Rochester Institute of Technology With the plethora of information on the subject of completing college financial applications, it’s reassuring to find a guide that students, parents and even guidance counselors can look to for useful and accurate information. –Carlos Adrian, Associate Director, Financial Aid Compliance, Office of Financial Aid and Scholarship Programs, Syracuse University As a long-time financial aid professional, I am always looking for helpful tools to assist families in understanding the sometimes overwhelming process of applying for student financial aid for college. Filing the FAFSA is a tool that successfully combines the presentation of detailed information with easy to follow flow charts and summary boxes to guide families through the application process. It is filled with helpful hints and is a valuable resource for families navigating the complicated world of financial aid. –Diane Stemper, Executive Director, Office of Enrollment Services, Student Financial Aid, Ohio State University
Book Synopsis Funding Your Education by : U.S. Department of Education
Download or read book Funding Your Education written by U.S. Department of Education and published by Government Printing Office. This book was released on 2014-10-01 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide provides a description of Federal Student Aid programs and the application process. Readers will find information on federal student aid as a source for funding postsecondary education, and know where to go for more detailed information. Funding Your Education: The Guide to Federal Student Aid speaks to high school students, college students, adults, and parents interested in finding out about financial aid from the federal government to help pay for education expenses at an eligible college, technical school, vocational school, or graduate school.
Book Synopsis Federal Student Aid Formula :. by : United States. Government Accountability Office
Download or read book Federal Student Aid Formula :. written by United States. Government Accountability Office and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Department of Education. Federal Student Aid Publisher :DIANE Publishing ISBN 13 :9781422325315 Total Pages :120 pages Book Rating :4.3/5 (253 download)
Book Synopsis Funding Education Beyond High School by : United States. Department of Education. Federal Student Aid
Download or read book Funding Education Beyond High School written by United States. Department of Education. Federal Student Aid and published by DIANE Publishing. This book was released on 2007 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Higher Education Opportunity Act by : United States
Download or read book Higher Education Opportunity Act written by United States and published by . This book was released on 2008 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States Government Account Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781983924552 Total Pages :60 pages Book Rating :4.9/5 (245 download)
Book Synopsis Federal Student Aid Formula by : United States Government Account Office
Download or read book Federal Student Aid Formula written by United States Government Account Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-17 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal Student Aid Formula: Cost-of-Living Adjustment Could Increase Aid to a Small Percentage of Students in High-Cost Areas but Could Also Further Complicate Aid Process
Book Synopsis Federal Student Financial Aid Handbook by :
Download or read book Federal Student Financial Aid Handbook written by and published by . This book was released on 1995 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Federal Student Aid Information Center by :
Download or read book The Federal Student Aid Information Center written by and published by . This book was released on 1997 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Default Prevention Management written by and published by . This book was released on 1988 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar agenda and description of workshop sessions.
Book Synopsis Federal Student Financial Aid Handbook by :
Download or read book Federal Student Financial Aid Handbook written by and published by . This book was released on with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cohort Default Rate Guide written by and published by . This book was released on 2001 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The College Solution by : Lynn O'Shaughnessy
Download or read book The College Solution written by Lynn O'Shaughnessy and published by FT Press. This book was released on 2008-06-06 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: “The College Solution helps readers look beyond over-hyped admission rankings to discover schools that offer a quality education at affordable prices. Taking the guesswork out of saving and finding money for college, this is a practical and insightful must-have guide for every parent!” —Jaye J. Fenderson, Seventeen’s College Columnist and Author, Seventeen’s Guide to Getting into College “This book is a must read in an era of rising tuition and falling admission rates. O’Shaughnessy offers good advice with blessed clarity and brevity.” —Jay Mathews, Washington Post Education Writer and Columnist “I would recommend any parent of a college-bound student read The College Solution.” —Kal Chany, Author, The Princeton Review’s Paying for College Without Going Broke “The College Solution goes beyond other guidebooks in providing an abundance of information about how to afford college, in addition to how to approach the selection process by putting the student first.” —Martha “Marty” O’Connell, Executive Director, Colleges That Change Lives “Lynn O’Shaughnessy always focuses on what’s in the consumer’s best interest, telling families how to save money and avoid making costly mistakes.” —Mark Kantrowitz, Publisher, FinAid.org and Author, FastWeb College Gold “An antidote to the hype and hysteria about getting in and paying for college! O’Shaughnessy has produced an excellent overview that demystifies the college planning process for students and families.” —Barmak Nassirian, American Association of Collegiate Registrars and Admissions Officers For millions of families, the college planning experience has become extremely stressful. And, unless your child is an elite student in the academic top 1%, most books on the subject won’t help you. Now, however, there’s a college guide for everyone. In The College Solution, top personal finance journalist Lynn O’Shaughnessy presents an easy-to-use roadmap to finding the right college program (not just the most hyped) and dramatically reducing the cost of college, too. Forget the rankings! Discover what really matters: the quality and value of the programs your child wants and deserves. O’Shaughnessy uncovers “industry secrets” on how colleges actually parcel out financial aid—and how even “average” students can maximize their share. Learn how to send your kids to expensive private schools for virtually the cost of an in-state public college...and how promising students can pay significantly less than the “sticker price” even at the best state universities. No other book offers this much practical guidance on choosing a college...and no other book will save you as much money! • Secrets your school’s guidance counselor doesn’t know yet The surprising ways colleges have changed how they do business • Get every dime of financial aid that’s out there for you Be a “fly on the wall” inside the college financial aid office • U.S. News & World Report: clueless about your child Beyond one-size-fits-all rankings: finding the right program for your teenager • The best bargains in higher education Overlooked academic choices that just might be perfect for you
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781507736722 Total Pages :50 pages Book Rating :4.7/5 (367 download)
Book Synopsis The Higher Education Act by : Congressional Research Service
Download or read book The Higher Education Act written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2015-01-16 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Higher Education Act of 1965 (HEA; P.L. 89-329) authorizes numerous federal aid programs that provide support to both individuals pursuing a postsecondary education and institutions of higher education (IHEs). Title IV of the HEA authorizes the federal government's major student aid programs, which are the primary source of direct federal support to students pursuing postsecondary education. Titles II, III, and V of the HEA provide institutional aid and support. Additionally, the HEA authorizes services and support for less-advantaged students (select Title IV programs), students pursing international education (Title VI), and students pursuing and institutions offering certain graduate and professional degrees (Title VII). Finally, the most recently added title (Title VIII) authorizes several other programs that support higher education. The HEA was last comprehensively reauthorized in 2008 by the Higher Education Opportunity Act of 2008 (HEOA; P.L. 110-315), which authorized most HEA programs through FY2014. Following the enactment of the HEAO, the HEA has been amended by numerous other laws, most notably the SAFRA Act, part of the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152), which terminated the authority to make federal student loans through the Federal Family Education Loan (FFEL) program. Authorization of appropriations for many HEA programs expired at the end of FY2014 but has been extended through FY2015 under the General Education Provisions Act. This report provides a brief overview of the major provisions of the HEA.
