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You can find out what your expected family contribution might be by using the calculator at collegeboard.com:


http://apps.collegeboard.com/fincalc/efc_welcome.jsp

Another significant factor is that if the parent or guardian claims the student as a dependent on income tax returns, this effects the amount of aid available to the student. In general, a student who is 'independent' of the parents as far as the tax law goes, will receive more in financial aid awards.

First year students may find that they receive fewer grant awards than they expected. However students who are sophomores, juniors or seniors are more likely to get more grant awards. No matter what year of school you are in, complete the FAFSA every year so that you will be considered for available grants.

About The Author


Michael Carter is a contributor at College Financial Aid Guide, an online informational resource for educational funding, scholarships and student loans. Learn more ways to get money for college at: http://www.collegefinancialaidguide.com.







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Additional Resources



category - Education Grants

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.


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Did you know that a college educated person will earn 2.5 times more over a lifetime than someone without a post secondary education? College educated people are more likely to keep their jobs when ...


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Edited by: Michael Saunders

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