Comments on: How does need-based aid work? http://communitynonprofit.com/how-does-need-based-aid-work.htm/ Charitable giving through shopping in local communities. Wed, 12 Jan 2011 14:51:25 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Zimm http://communitynonprofit.com/how-does-need-based-aid-work.htm/comment-page-1/#comment-43673 Zimm Mon, 10 May 2010 09:28:08 +0000 http://communitynonprofit.com/how-does-need-based-aid-work.htm#comment-43673 Need-based aid is just what it sounds like, aid based on need. Most need-based aid come from the federal and state government, so to apply you need to fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA taxes your financial information and generates an Expected Family Contribution (EFC) that determines how much you would be expected to pay for school. They look at that EFC and determine how much need-based aid you are eligible for. An endowment is just a fund that schools accumulate from contributions (normally from alumni) that they use to give out more financial aid. Need-based aid is just what it sounds like, aid based on need. Most need-based aid come from the federal and state government, so to apply you need to fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA taxes your financial information and generates an Expected Family Contribution (EFC) that determines how much you would be expected to pay for school. They look at that EFC and determine how much need-based aid you are eligible for. An endowment is just a fund that schools accumulate from contributions (normally from alumni) that they use to give out more financial aid.

]]> By: Carol G http://communitynonprofit.com/how-does-need-based-aid-work.htm/comment-page-1/#comment-43674 Carol G Mon, 10 May 2010 09:28:08 +0000 http://communitynonprofit.com/how-does-need-based-aid-work.htm#comment-43674 Complet the FAFSA. An endowment is a fund that schools or other institutions have that support that instiition. Complet the FAFSA.

An endowment is a fund that schools or other institutions have that support that instiition.

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