The financial aid office will open a case file for you and perform the following analysis.First, they will calculate your college costs for the upcoming year.Tags: Plan Analytique Pour DissertationEssays On Langston Hughes PoemsDescriptive Essay On PlaceCharlotte Perkins Gilman The Yellow Wallpaper EssaysCritical Thinking LevelsAnswer Igcse Maths Paper TermDevelop Problem Statement Research PaperAn Example Of An Argumentative EssayElementary Math Problem Solving StrategiesMovie Critique Essay
You must check with your school to see what their policies are regarding outside funding.
In most cases, scholarships will decrease your overall college costs.
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.
Consequently, if you have $2,000 in scholarships, and your college offers you a full package without a gap, or the gap is only $1,000, you have an extra $1,000 that will have to be reconciled.
Many colleges allow students to use scholarship funds in excess of calculated need to reduce the amount of loans taken.
Pell Grant funding rose by 26 percent in inflation-adjusted dollars.
However, the average Pell Grant increased only 3 percent, providing an additional 0 per recipient.
According to the National Association of College Admissions Counselors, 23 percent of all colleges close the “gap” based on the academic desirability of a student.
The financial aid office fills in the gap in the following order: If there continues to be an unmet gap, the family will typically turn to Parent Plus loans, alternative student loans, and/or scholarships to make up the difference.