Free Application For Federal Student Aid
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Free Application For Federal Student Aid
The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. The FAFSA is different than CSS Profile (short for "College Scholarship Service Profile"), which is also required by some colleges (primarily private ones). The CSS is a fee-based product of the College Board (a private non-profit organization) and is used by the colleges to distribute their own institutional funds, rather than federal or state funding. Eligibility In order to receive federal student financial aid, students must meet the following criteria: * be registered with the Selective Service System (for Conscription in the United States), if male and between the ages of 18 and 25, if required to do so; * have maintained a Satisfactory Academic Progress (SAP); * be a U.S. citizen, a U.S. national, or an eligible non-citizen; * have a valid S ...
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Undergraduate
Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-level university student is known as an ''undergraduate'', while students of higher degrees are known as ''graduate students''. Upon completion of a number of required and elective courses as part of an undergraduate program, the student would earn the corresponding degree. (In some regions, individual "courses" and the "program" collection are given other terms, such as "units" and "course", respectively.) In some other educational systems, undergraduate education is postsecondary education up to the level of a master's degree; this is the case for some science courses in Britain and some medicine courses in Europe. Programs Africa Nigerian system In Nigeria, undergraduate degrees (excluding Medicine, Medical Laboratory Science, Nursing, E ...
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Student Aid And Fiscal Responsibility Act
The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; ) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%. It would also end the practice of federally subsidized private loans, using all federal student loan funding for Direct Loans and potentially cutting the federal deficit by $87 billion over 10 years. On September 17, 2009, the House approved the bill by a 253-171 margin. On March 18, 2010, the text of this act was included as a rider on the Health Care and Education Reconciliation Act of 2010, signed into law on March 30, 2010, by President Obama as an amendment to the Patient Protection and Affordable Care Act The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloq ...
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Edifi
Edifi, a name constructed from "''education''" and "''finance''", was a college financial aid services company located in Albany, New York, which operated nationally. Its legal name was CFAS (College Financial Aid Systems), LLC. Its central activity was filling out the Free Application for Federal Student Aid, best known as FAFSA, for parents of college applicants. At the time this was a paper form. Origins Edifi was founded by Larry Schechter in 1991; he remained its sole owner throughout (with a hiatus in 2002-2004). It started in Wellesley, Massachusetts, but with Schechter's relocation to the Albany, New York area, it moved along with him, and operated first from a bare one-room office on Union Street in Schenectady. Growth led it to move in 2001 to an office suite located at 409 New Karner Road in an unincorporated area of Albany county (mailing address Albany); further growth led it to move in 2003 to a larger office suite at 450 New Karner Road, where it ran a call center, ...
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College Admissions In The United States
College admissions in the United States refers to the process of applying for entrance to institutions of higher education for undergraduate study at one of the nation's colleges or universities.Robin Mamlet and Christine VanDeVelde, College Admission: From Application to Acceptance, Step by Step, Three Rivers Press, 2011, Retrieved January 6, 2016 For those who intend to attend college immediately after high school, the college search usually begins in the eleventh grade with most activity taking place during the twelfth grade, although students at top high schools often begin the process during their tenth grade or earlier. In addition, there are considerable numbers of students who transfer from one college to another, as well as adults older than high school age who apply to college. Overview Millions of high school students apply to college each year. There were approximately 4.23 million in the high school graduating age group in 2018–19, with an estimated 3.68 mil ...
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Consolidated Appropriations Act, 2021
The Consolidated Appropriations Act, 2021 () is a $2.3trillion spending bill that combines $900 billion in stimulus relief for the COVID-19 pandemic in the United States with a $1.4trillion omnibus spending bill for the 2021 federal fiscal year (combining 12 separate annual appropriations bills) and prevents a government shutdown.Caitlin Emma & Marianne LeVineBreaking down the $900B stimulus package and $1.4T omnibus bill ''Politico'' (December 20, 2020). The bill is one of the largest spending measures ever enacted, surpassing the $2.2trillion CARES Act, enacted in March 2020. The legislation is the first bill to address the pandemic since April 2020. According to the Senate Historical Office, at 5,593 pages, the legislation is the longest bill ever passed by Congress. The bill was passed by both houses of Congress on December 21, 2020, with large bipartisan majorities in support. The bill was the product of weeks of intense negotiations and compromise between Democrats and R ...
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Federal Work-Study Program
The Federal Work-Study program originally called the College Work-Study Programhttp://www.ed.gov/programs/fws/index.html The Department of Education : Federal Work Study and in the United States frequently referred to as just "Work-study", is a federally-funded program in the United States that assists students with the costs of post-secondary education. The Federal Work-Study Program helps students earn financial funding through a part-time employment program. Approximately 3,400 institutions participate in the program. Program outline The Federal Work-Study Program provides a method for postsecondary education students to earn funds that are used toward their education. The program was formerly known as the College Work-Study Program. The FWS program helps students earn monetary awards towards their postsecondary education. The program is limited to students with financial need, whose Expected Family Contribution is less than the cost of attendance. Eligible college stude ...
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Federal Direct Student Loan Program
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." It is the largest single source of federal financial aid for students and their parents pursuing post-secondary education and for many it is the first financial obligation they incur, leaving them with debt to be paid over a period of time that can be a decade or more as the average student takes 19.4 years. The program is named after William D. Ford, a former member of the U.S. House of Representatives from Michigan. Following the passage of the Health Care and Education Reconciliation Act of 2010, the Federal Direct Loan Program is the sole government-backed loan program in the United States. The program replaced the earlier Federal Family Education Loan ...
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Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant, more commonly known by its acronym SEOG, is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school. To be eligible for this grant, applicants must meet all of the following criteria: #To be a United States citizen or eligible non-citizen, #To not have a bachelor's degree, #To not be in default of any federal student loan, #To not have a Federal Pell Grant overpayment, #To file their FAFSA The Free Application for Federal Student Aid (FAFSA) is a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid. The FAFSA is differ .... The maximum FSEOG is $4,000 a year and the amount applicants are eligible for is at the discretion of the college. To obtain the FSEOG, the student must accomplish and submit the Free Application for Federal Student Aid or FAFSA. ...
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Federal Student Aid
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds. FSA is a Performance-Based Organization, and was the first PBO to be established in the US government. Federal Student Aid is also responsible for the development, distribution, and processing of the Free Application for Federal Student Aid (FAFSA), the fundamental qualifying form used for all federal student aid distribution programs, as well as for many state, regional, and private student aid programs. Each year Federal Student Aid's staff processes approximately 22 million FAFSAs. Additionally, Federal Student Aid is responsible for enforcing the financial aid rules and regulations required by the Higher Education Act of 1965 and the U.S. Department of Education and managing the outstanding federal student loan portfolio. M ...
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Expected Family Contribution
In the post-secondary education system of the United States, an expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of a year of post-secondary education. The EFC is used in the United States student financial aid process to determine an applicant's eligibility for need-based federal student aid. In most cases, the same estimate is also used for state and institutional (college-based) financial aid. The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid (FAFSA). There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution will be replaced by the term Student Aid Index ...
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FAFSA Position
The FAFSA position is a historical term in college admissions in the United States that referred to the position where a prospective college appeared on an applicant's FAFSA form. FAFSA permits an applicant to list up to ten colleges on the form, and the entire list was historically sent to each college. As a result, admissions officers could see which other colleges a student is applying to and the ''order'' in which the colleges were listed. The US Department of Education changed the FAFSA for the 2016–2017 academic year to prevent schools from viewing other schools that may be listed on the application. A higher FAFSA position had been interpreted by admissions officials and enrollment consultants as a sign of greater demonstrated interest. Accordingly, a college's FAFSA position may have affected decisions regarding whether a student was admitted to the college, waitlisted, or how much financial aid was offered.Liz Weston, Reuters, November 11, 2013, Daily FinanceColleges ...
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