Can pay for tuition and student fees if it is covered by other means, help buy your books and supplies, or pay their transportation costs. PELL available only to students who have not earned a bachelor's or professional certificate.
Economic necessity is the basis for determining eligibility for financial aid. Economic necessity may be defined as the difference between what the school shows that the cost for you to go to school, said the cost for participation, and what
You and your family can reasonably be expected to contribute to help pay these costs called the expected family contribution (EFC) is. The lower the EFC, the higher the cost of your participation, the greater is their need for financial assistance.
The information you provide on the FAFSA is a formula that the expected family contribution is calculated by taking into account family income, tax returns, number of people analyzed in the household, number of family members in the school and some of his family assets. The formula recognizes that only a portion of your income and your family and assets for education expenses will be considered.
One of the factors used to calculate an EFC is your dependency status. A few questions about your financial aid application (s) will determine if a dependent student must report their parents' income and resources, together with your account, or independent student reports only own your (and spouse) income and resources.
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