How Does Financial Aid Work?
Edvisor, Elaine Rubin explains the ins and outs of financial aid. Learn what financial aid is, when to apply for financial aid, applications you may need to file, and how to prepare. Don’t be intimidated by the financial aid process! Edvisors is here to help.
0:00 Introduction
What is financial aid?
0:18 Types of Financial Aid
Scholarships and grants as well as student loans are all considered types of financial aid.
0:38 FAFSA
The most important application to file for financial aid, is the FAFSA. Information included on the FAFSA is used to award federal, state, and institutional aid. Learn what types of aid are awarded through FAFSA filing and when to file.
5:30 The CSS Profile
This is an additional financial aid form that only needs to be completed if your school requires it.
7:00 State Financial Aid
States often rely on the FAFSA, but may have other applications a student should fill out for additional aid opportunities.
7:41 Expected Family Contribution
What does expected family contribution mean and how is it calculated? Don’t misunderstand what this means.
10:09 Before Applying Suggestion
Know how much you can afford to borrow before you apply.
11:15 Cost of Attendance
What does cost of attendance mean, and how is it determined? This is not the same as the actual cost of college.
15:40 Do you have to pay Financial Aid back?
That depends on what type of financial aid you are talking about. Some financial aid, such as scholarships and grants do not need to be paid back.
Subscribe and check out our other videos on planning and paying for college, and don’t forget to visit Edvisors website for companion articles for even more answers to commonly asked financial aid questions.
Filing the FAFSA: A Quick and Easy Guide
• WhatisFinancialAid V4 JA
What is Financial Aid and How to Apply
https://www.edvisors.com/fafsa/guide/...
FAFSA Deadlines
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