| archershake8's Forum Info |
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Some schools that require the PROFILE will also require that the non-custodial parent complete a Divorced and Separated Form. PROFILE schools will often require information on stepparents as well. This will return results related to the two terms or both. There are two need-based aid applications being used nationally, the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service's PROFILE. Some people think success is having a family and being an amazing mother. Their family income is roughly $60,000 and their assets are pretty standard relative to their income. In general, the Institutional Methodology considers more sources of income and assets than the Federal Methodology. Consequently, there's no real cut-off point or maximum income a family can have and still qualify for assistance. Demonstrated need is a simple concept -- it's each institution's cost of education minus the Expected Family Contribution (EFC). As we explained, the Expected Family Contribution calculations and financial aid packaging policies vary from institution to institution. The Smiths are a family of four.
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