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The Free Application for Federal Student Aid application will be delayed this year, which may worry some college applicants, especially if they applied for early decision.FAFSA is how students ...
The federal government does not distribute aid directly to the student or the student's family; it goes through the college. Colleges use the student's federal student aid eligibility and combine it with state financial aid (if any) and their own aid to create a financial aid package for the student.
The Federal Student Aid office (FSA), which is responsible for managing the outstanding loan portfolio, reported that at the end of 2009 there were $1.5 trillion of loans outstanding which is spread out over 42.9 million unduplicated recipients. [14]
Additionally, they can contact the Federal Student Aid Information Center at 800-433-3243 or check their credit reports to find out who their new servicer is.
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:
Like down payment assistance, federal student aid is a demand-side subsidy, meaning that it enhances the purchasing power of people paying for a specific product — namely, a college education.
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