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

[neurotica0.livejournal.com]

When I fill out my FAFSA, my family's EFC is always less than $1,000, yet I'm paying $4-5,000 a year for my university (a $26,000/year school). Most of that difference is settled by scholarships. I really get hardly any financial aid, even though my mom makes less than the school costs.

So, I'm going to go with the latter.