What is the average financial aid package worth?

Average and maximum financial aid

How much fafsa money is available?

What Is the Maximum Amount of Money Available With FAFSA?

Does fafsa cover community college?

Yes! You CAN afford college at a California community college. There are several ways to get financial assistance if you need it, including federal financial aid, fee waivers, loans, grants, and scholarships.

What are the three major types of financial aid?

For federal financial aid, there are three types of funds: loans, grants and work-study. Federal student loans.

What is the most common financial aid?

The Six Most Common Forms of Federal Financial Aid

1. Federal Pell Grants.
2. Federal Supplemental Educational Opportunity Grants.
3. Leveraging Educational Assistance Partnership / Special LEAP Grants.
4. Subsidized and Unsubsidized Direct Stafford Loans.
5. Perkins Loans.
6. Work-Study.

What is a good amount of financial aid?

The average aid package is $29,916 for a school where tuition and room and board totals $40,580. The average need-based grant is $28,448. Of the total undergraduate aid awarded, the breakdown of Wofford’s scholarships/grants versus loans/work study is 86 percent to 14 percent, which is great.

Do I have to pay back financial aid?

Students have to pay back financial aid if it is in the form of a loan, but they do not have to pay back grants, scholarships or money awarded through a work-study program. Students eligible for grants or scholarships should exhaust those options before taking out any loans, experts say.

What is the 150 rule for financial aid?

Federal regulations require all financial aid students to complete their degree within 150% of the credits required for their program of study. A student will become ineligible for financial aid upon exceeding the 150% maximum timeframe and may appeal for reinstatement due to an extenuating circumstance.

Do I have to pay FAFSA back if I fail a class?

Changes in your enrollment level and failing grades may require you to repay federal financial aid funds. Federal regulations require you to repay a portion of financial aid funds if you withdraw from all classes before satisfying the 60 percent completion rule for the enrollment term.

Do you get financial aid at the University of Akron?

We are your resource for financial aid support as you apply, make your college decision and pursue your degree at UA. 81% of our undergraduates receive some form of financial aid. Here are the forms you will need, plus advice about the best ways to send your information securely.

When to file for financial aid at UA?

We also use it to determine state and school aid. We recommend you complete it every year you are in school, regardless of your financial situation. The earlier you file, the more aid you are likely to receive. Be sure to include UA’s school code: 003123 . See step-by-step instructions about how to apply for and receive financial aid at Akron.

Where can I get help with my financial aid?

Any student needing financial advising should contact our Office of Student Financial Aid. HAVE QUESTIONS? Get immediate help with your financial aid anytime by calling 330-972-7032 or by visiting our online Financial Aid Support Center. We’ll be happy to answer your questions about FAFSA, scholarships, loans and more.

Is there a walk in advising at UA?

Walk-in advising available from 8 a.m. to 4:30 p.m. Monday through Friday. UA will not seek a tuition increase for the 2021-22 academic year and will take steps to reduce on-campus housing rates for all students by 30%, which would lower the cost of attending UA for students living on campus by more than $2,500 on average.