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Fundamentals of Financial Aid for 2024

Admissions.Blog

Let’s dive into some definitions and discuss fundamental financial aid terminology while introducing what’s new this aid cycle so you can successfully navigate the process of funding an undergraduate education as we approach 2024. Merit-based aid is often provided in the form of scholarships and grants.

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West Virginia Drops FAFSA Requirement for State Financial Aid, Declares State of Emergency

BestColleges

West Virginians won't have to submit a FAFSA to qualify for state financial aid. Students in West Virginia won't have to submit a FAFSA form to qualify for some state financial aid programs due to a recent executive order. Some institutional aid programs also require a FAFSA.

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Fast Facts: Financial Aid

BestColleges

85% of full-time, first-year undergraduate students in 2019-2020 were awarded some type of financial aid. [1]. The majority of students awarded financial aid received federal grants. The average federal grant award for undergraduate students has more than doubled to $10,590 in 2022 from $5,190 in 2001. [2].

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Financial Aid 101: Understanding the Basics

Humbach Education Consulting

What is financial aid? Financial aid is monetary assistance provided to students and families to help cover the cost of attending college. Aid can come in a variety of forms that we’ll go over in more detail below! This number should be listed on every award you’re granted.

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UVA Expands Financial Aid for Middle- and Lower-Income Students

BestColleges

Students from families making $150,000 or less will receive at least $2,000 in needs-based grants. are Pell Grant recipients. Students from middle- and lower-income families from Virginia can now attend the University of Virginia (UVA) for even less, thanks to a new financial aid expansion.

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Breaking it Down: Understanding Confusing Financial Aid Letters

SSA Online College Prep

We walk you through the two major questions to ask yourself when evaluating whether the loans offered to you are reasonable. EXAMPLE: You may have to do the math yourself, because a financial aid letter doesn’t always tell you everything. You’ve made it through applications, been accepted, and received your financial aid award.

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Important Financial Aid Update

#LetsBFRANK: The College Admissions Blog

Students applying for financial aid will see a different online FAFSA application form for 2024-2025. It unlocks federal, state and school-based financial aid, including student loans, need-based grants, work-study and even some scholarships.