BE READY FOR FAFSA VERIFICATION
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Watch your student portal and email! Colleges might request verification of your FAFSA information to ensure accuracy. Your financial aid won’t be processed until you submit the required documents—so don’t delay!
Stay organized, respond quickly, and keep your financial aid on track.
REVIEW YOUR FINANCIAL AID OFFERS Once the colleges listed on your FAFSA review your application, they’ll send you financial aid offers detailing the types and amounts of aid available. You will only receive offers from colleges where you’ve been accepted. Accept or decline each offer by the stated deadline. Colleges use a simple formula to determine aid: Cost of Education – Student Aid Index = Financial Need Colleges cover as much of your financial need as possible, using a mix of scholarships, grants, work-study, and loans. Review your offers carefully, compare offers, and make informed decisions to fund your education!
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Tuition & Fees Books & Supplies Housing & Food + Personal & Transportation FINANCIAL AID FORMULA
COMMUNITY COLLEGE
FOUR-YEAR PUBLIC
FOUR-YEAR PRIVATE
$4,000
$9,300
$32,300
1,500
1,200
1,200
9,400
12,000
11,200
2,800
3,900
4,400
= COST OF EDUCATION
$17,700
$26,400
$49,100
-$11,000
-$11,000
-$11,000
– STUDENT AID INDEX *
= FINANCIAL NEED
$6,700
$15,400
$38,100
* Student Aid Index (for one year) is based on a family of four, one in college, $85,000 income.
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