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Financial Aid

Financial Aid. To the extent they are able, parents have the primary responsibility to pay for their dependent children’s education. Students also have a responsibility to contribute to their educational costs. Families should be evaluated in their present financial condition. Goal of the

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Financial Aid

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  1. Financial Aid • To the extent they are able, parents have the primary responsibility to pay for their dependent children’s education. • Students also have a responsibility to contribute to their educational costs. • Families should be evaluated in their present financial condition.

  2. Goal of the Financial Aid Office • Our primary goal is to assist students in paying for their education and is achieved by: • Evaluating the family’s ability to pay for educational costs. • Distributing limited resources in an equitable manner.

  3. Application Process The student and parent must obtain a Federal Student Aid PIN at www.pin.ed.gov. Complete the appropriate Free Application for Federal Student Aid (FAFSA) on the web at www.fafsa.gov after January 1 prior to the academic year you plan to enroll in school. Students apply for financial aid each year.

  4. The schools that you list on the FAFSA will electronically receive your data. Be sure to use Becker’s Federal Student Code – 002123 – so that we will receive your data. Review the data on the Student Aid Report for accuracy. Application Processcont’d

  5. Each school develops a Cost of Attendance for the different types of students. It is an estimate of what the student will spend to attend school for an academic period. The student may spend more or less than the Cost of Attendance. Cost of Attendance

  6. When the Office of Financial Aid receives your FAFSA from the government, your data will go through a calculation called Federal Methodology to determine your Expected Family Contribution (EFC). This is the amount of money that it is expected the family can contribute to paying (real money) to the student’s education. Estimated Family Contribution EFC

  7. The student’s need is determined by subtracting the EFC from the appropriate Cost of Attendance. Cost of Attendance - Less the EFC = Financial Need Financial Need

  8. Gift Aid • Grants • Scholarships • Self-Help Aid • Low-interest loans • Part-time student • employment Financial Need

  9. Organizations in which you are affiliated • www.finaid.org • www.scholarships.com Outside Scholarships

  10. Website: www.becker.edu Office Hours: Monday – Friday 8:30am – 5:00pm General Office Phone: 508.373.9440 Office of Financial Aid

  11. 002123 Questions… Becker’s Federal Student Code

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