ECONOMICS
BUDGETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What is the relationship between the FAFSA, a Student Aid Report (SAR), and a Financial Aid Package?
|
|
You receive a Financial Aid Package first. Then, you file the FAFSA and get your SAR.
|
|
|
You submit a SAR to determine if you are eligible to file the FAFSA. If you are, you submit the FAFSA and then receive a Financial Aid Package.
|
|
|
Schools use the answers you submitted in the FAFSA to create a Financial Aid Package for you, which is then sent to you in a SAR.
|
|
|
The answers you submitted in your FAFSA are reported in your SAR. Schools then use your SAR to create a Financial Aid Package for you.
|
Explanation:
Detailed explanation-1: -It is important to have an accurate SAR since your financial aid awards are based on the information listed on your report. Review it carefully with your family and compare the information listed to a copy of your FAFSA. The EFC listed on your student aid report will determine the amount of aid you will receive.
Detailed explanation-2: -If you don’t see your SAR immediately, wait for your email or paper version. 7–10 days depending on type of changes, updated SAR may be immediately available on the FAFSA site. If you don’t see your SAR immediately, wait for your email or paper version.
There is 1 question to complete.