Why is the financial aid offered from the UW Colleges different from XYZ College?
Financial aid offers can be different from one institution to another for many reasons. Some types of financial aid are awarded based on criteria established by the institution, such as institutional financial aid. Funding for some federal programs is limited. Institutions receive an allocation, or set amount, for each of the campus based aid programs (Federal Work Study, Federal Perkins Loan, and Federal Supplemental Educational Opportunity Grant) from the U.S. Department of Education. Since schools receive different allocation amounts, institutions will have different rules and methods for awarding their allocation of limited funding. Institutions also have different costs of attendance which can change a student’s eligibility for need based financial aid funding and can affect the total amount of financial aid offered from one institution to the next.
Related Questions
- What is different about the FA Completion Rate , on the Financial Aid status screen, and the colleges completion rate?
- How do you receive financial aid (Pell Grant, student loans, college work-study, and aid from selected colleges)?
- Why is the financial aid offered from the UW Colleges different from XYZ College?
