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Pell Grant funding rose by 26 percent in inflation-adjusted dollars.
That dollar amount is your “cost of education.” Second, your “family contribution” will be calculated based upon the FAFSA (free application for federal student aid) and, if applying to a private college, usually the CSS (College Scholarship Service) Profile and tax returns will also be considered.
The gap between the cost of education and family contribution is your “demonstrated need.” Once the financial aid department identifies the “demonstrated need,” they begin to develop a financial package to offer you.
There is also a certain amount of flexibility in financial aid packages.
So if you think that your family’s financial need isn’t completely represented by the usual financial analysis, make an appointment with a financial aid counselor to review your specific situation.
During the 2009-2010 academic year, college costs (tuition and fees) increased an average of: Total charges, including room and board, increased 5.6 percent for public institutions and 4.5 percent at private institutions.
The average cost for tuition, fees, room, and board at a four-year public institution averaged ,103 in 2009-2010.According to the Bureau of Labor Statistics of the U. Department of Labor, over 70 percent of the high school graduating class of 2009 were enrolled in colleges or universities in the fall.This proportion is 1.5 percentage points higher than a year earlier in 2008 and represents the highest rate of enrollment since 1959.You can use the scholarship to pay for tuition, books, computers, room and board or any education-related expense.More and more high school students are attending college.There may be an opportunity to substitute more institutional grants for loans or find other creative ways to improve your package.Students have been utilizing our scholarship search services since 1995.Some schools are able to offer incoming students with financial need a complete financing package that covers the total cost of education.Other schools cannot cover the whole cost and leave a “gap” that must be filled through other sources, such as outside loans.Some schools notify you of your financial aid award at the same time that you receive your admission decision.Others send the financial aid award letter after your admission decision letter.