The Process for Scholarships/Aid

<p>What is the process for scholarships and financial aid?
Ok, scholarships (from the school) come after you're accepted but do they come with the letter of acceptance so you know right away how much money you could get? And when is the right time to file the FASFA? Are there any other forms required to get scholarships/aid?</p>

<p>There are a lot of varioables in your question:</p>

<p>For schools which are need blind in admissions -your FA paperwork goes directly to the financical aid office. Once admissions contacts the FA office of thier intent to offer you admission a FA package is worked up for you. Some schools mail the FA award with the admissions, ( in my D's case this happened at 3 schools she was accepted to) the other 4 schools sent the FA letter under a different cover which came in the mail a day or 2 later.</p>

<p>Your financial aid award letter will have a break down of the following:</p>

<p>Cost of atttendance
EFC
Student Contribution</p>

<p>Breakdown of award</p>

<p>Scholarship
Loan
Work study
Pell (if applicable)
Any state award credits (If applicable)</p>

<p>And when is the right time to file the FASFA? Are there any other forms required to get scholarships/aid?</p>

<p>You should file the Fafsa as soon as possible after Jan 1.</p>

<p>If your schools require the CSS profile you can fill that out now.</p>

<p>Scholarships are dependent upon the school you are attending</p>

<p>Ivys/Elite Lac (especially those which huge endowments)</p>

<p>Scholarships/ grants are based on financial need and usually come from the gerneral fund. However some schools do have endowed scholarhips within their need based financial aid.</p>

<p>If you are getting a merit scholarship, it is usually contingent upon maintaining a certain GPA once you are admitted. If GPA drops, scholarship is gone.</p>