Understanding “Need-Based” Financial Aid Formulas

Understanding “Need-Based” Financial Aid Formulas

No one pays full price for college. It’s not a rule, but between aid-based and non-aid-based funding sources, everybody should get something. Today, we’re going to tackle a complicated subject as simply as possible, how your family’s financial need is calculated. The Financial Aid Formula The basic formula for need-based financial aid looks like this: …

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