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Form & Formula

How the Federal Government Distributes Aid to Students

Posted: November 9, 2015
Organizations: IHEP, Lumina Foundation

Explains the history of need analysis—the method used to determine the amount of federal aid a student receives—and the method of collecting financial data from students and families. The system of determining need began with colleges and universities each establishing how best to distribute institutional aid while using their own forms to collect data, and evolved to the creation of a robust, national form and formula regulated by the federal government. 

Form & Formula