Something I've been wondering....

[conuly]

How, exactly, does financial aid work? Do they just say "this is what you can pay, and we'll pay any amount more than that"? Or do they go "this is how much you get, no more"? Or what, exactly?

Edit: See, even though I fill out my FAFSA every year, I have no idea how it works.

Comments

[moggymania.livejournal.com]

I assume it would depend on how you're getting it. With federal aid, they figure out how much you can reasonably be expected to contribute, then offer you whatever amount over that your school says a typical student will need.