How Does Financial Aid Work?

Financial aid assists families with the cost of a college education. You don't necessarily have to be in a low-income category to qualify for financial aid. Some students receive aid based on special achievements while others receive aid based on their demonstrated need. Need is the difference between what it costs to attend a college and what you and your family can afford to pay. The basic formula to determine eligbility for aid is:

Your choice of an institution should not be limited by the cost of education at a particular school, since financial aid is designed to help bridge the gap between what you can afford and what the college costs.