Well, if it isn't our favorite student...
First day? Welcome!
True or False: You're ready to achieve your higher education and career goals? That's
what we thought. And that's what we're here for. From college to career-we've got
you covered. So get going! Your future's waiting.
Refine Search by:
scholarships & financial aid | financial aid explained
How Does Federal Student Aid Work?
you might also like…
Trying to understand financial aid can induce headaches, anxiety, and frustration. If it's not the acronyms (EFC, SAR, FAFSA), it's the vocabulary (unsubsidized, unmet–need, institutional grants). Let's take a step back and look at the big picture.
The intent of federal student aid is to make up the difference between (1) what your education costs and (2) what you can afford to pay. This equation clearly paints the picture…
Sound simple? Well, it is and it isn't. Financial Aid officers prefer using other terminology to express the same meaning. Here is exactly the same equation written using financial aid jargon:
Remember this simple equation and you can safely navigate the jargon–infested federal student aid waters.