How Aid Is Calculated | Federal Student Aid

My parents make too much money for me to qualify for the Pell grant so why do I have to complete the FAFSA to get a loan? When you complete the FAFSA you are essentially applying for all types of Federal Student Aid, which includes loans in addition to various grants.

After completing the FAFSA you will receive an Expected Family Contribution EFC which is then used in determining your loan type eligibility; subsidized loan need based where the government pays your interest while you are in school or unsubsidized loan not need based and you pay your interest while you are in school or allow it to accrue.

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Answers others found helpful Am I eligible for federal student aid? I called the school to check on the status of my financial aid and was told that around the time I receive my SAR the school will receive my ISIR.

What do SAR and ISIR mean? How much can I get in PELL Grants?

FAFSA: Applying for Aid | Federal Student Aid

Who manages the investments for my KESPT Account? Will the funds available at the point of entry into college be sufficient to pay the costs? Share Delicious Digg Facebook Reddit StumbleUpon Twitter.