If a school does not receive the information from your SAR, they can not process a financial aid offer for you. However, each college has established deadlines for admission and financial aid programs available at that particular institution. Some schools may also require you to complete supplemental applications. Contact the financial aid office at the prospective schools to see if they require additional information. Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.
Federal regulations prohibit schools and lenders to disburse financial aid all at once.
It also includes living expenses such as room and board, transportation costs, and miscellaneous expenses. The Cost of Attendance will vary from one school to another. For example, tuition and fees at a private institution will be considerably more than the tuition charged at a public university. Your Expected Family Contribution will remain the same no matter where you decide to go to school you and your family have only so much to contribute toward educational expenses. Look at the chart below to see how your financial need can change depending on the school's Cost of Attendance or budget.