Get the free Financial Aid Shopping Sheet FAQ - depaul
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DePaul University
Office of Financial Aid At DePaul CentralFinancial Aid Shopping Sheet FAQ
DePaul Central Locations:DePaul Center, Suite 9100
1 East Jackson Boulevard
Chicago, Illinois 60604
Telephone
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How to fill out financial aid shopping sheet
To fill out a financial aid shopping sheet, follow these steps:
01
Gather necessary financial information: Prepare your financial documents, which may include tax returns, W-2 forms, bank statements, and any other relevant financial records.
02
Understand the terminology: Familiarize yourself with the terms commonly used in the financial aid process, such as expected family contribution (EFC), cost of attendance (COA), and financial need.
03
Research potential colleges: Explore the schools you are interested in attending and determine their cost of attendance. This information can usually be found on the college's website or through their financial aid office.
04
Complete the Free Application for Federal Student Aid (FAFSA): The FAFSA is the primary form used to determine your eligibility for federal financial aid. Fill out this application accurately, providing all requested information.
05
Review your Student Aid Report (SAR): After submitting the FAFSA, you will receive a SAR, which summarizes the information you provided. Verify that the information is correct and make any necessary corrections.
06
Communicate with colleges: Contact the financial aid offices of the colleges you want to attend and inquire about any additional financial aid forms or documentation they may require.
07
Compare financial aid offers: Once you receive financial aid awards from various colleges, compare them closely. Consider factors such as the types and amounts of aid offered, including scholarships, grants, work-study opportunities, and loans. Also, evaluate the total cost of attendance and your own financial circumstances.
08
Determine your out-of-pocket expenses: Calculate the difference between the cost of attendance and the total amount of financial aid offered. This will give you an estimate of your out-of-pocket expenses, which you may need to cover through personal savings, student loans, or other means.
Who needs a financial aid shopping sheet?
Students who are planning to attend college or other higher education institutions and need financial assistance to fund their education may benefit from a financial aid shopping sheet. This document can help students and their families compare the financial aid packages offered by different colleges and make informed decisions about which institution to attend based on affordability and the resources available. It is especially crucial for students who rely on financial aid to make their education accessible and affordable.
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What is financial aid shopping sheet?
The financial aid shopping sheet is a document designed to help students compare the costs and financial aid offers from different colleges.
Who is required to file financial aid shopping sheet?
Students who are applying for financial aid must file the financial aid shopping sheet.
How to fill out financial aid shopping sheet?
To fill out the financial aid shopping sheet, students need to provide information about their financial situation and the cost of attending the college.
What is the purpose of financial aid shopping sheet?
The purpose of the financial aid shopping sheet is to make it easier for students to compare the costs and financial aid offers from different colleges.
What information must be reported on financial aid shopping sheet?
The financial aid shopping sheet must include information about the cost of attendance, the amount of financial aid offered, and any other relevant financial information.
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