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What You Need To Know About Financial Aid

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Types of Financial Aid

Scholarships

Grants

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Financing Alterna?ves

Monthly Payment Plans

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THE FINANCIAL AID

APPLICATION

PROCESS

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What To Do Aler You File Your FAFSA

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What’s Next?

Student submits completed FAFSA

Federal processor determines Expected

Family Contribution (EFC)

Federal processor sends Student Aid

Report (SAR), which includes your EFC

and comments for review

Using your EFC, your prospective college

determines your financial need

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