Learning Library Quick Answers Financial Aid Planning

How is farmland considered on the FAFSA? Income or asset?


Scenario: Client's own a farm. The husband files a Schedule F for his part of the farming (Equipment Operation) and the wife files....

How is the Expected Family Contribution (EFC) calculated?


Answer: The federal government prescribes an official federal EFC formula calculation. This calculation determines resources avail....

How is the FAFSA and Profile treated when the student is a U.S. citizen and both parents are non-resident aliens?


Answer: The student will be eligible for aid and the FAFSA would not be treated any differently. The FAFSA and Profile ask the cit....

How long do I have to repay the PLUS loan?


Answer: You have up to 10 years to repay the loan and a mazimum of 25 on special arrangement.....

How much federal aid can I hope to receive?


Answer: Your financial need determines how much financial aid you may receive. Overall financial aid eligibility is directly relat....