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Eligibility |
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The Free Application for Federal Student Aid (FAFSA) allows us to determine eligibility for all federal, state and campus based grant and loan programs available through Prescott College. The purpose of the FAFSA is to collect pertinent information about your household, income and assets. Once the data is collected, it is computed by a congressional formula to determine your Expected Family Contribution (EFC) figure. The EFC represents your family’s financial strength as well as the amount of discretionary income a family should be able to contribute towards education. The EFC, along with a student's degree program, academic grade level and aid history, are all factored into a formula to determine the types and amounts of aid we offer based on funds availability. We will always offer the maximum possible award for each aid program for which a student may qualify. Because some funds are limited, students are encouraged to apply as early as possible each academic year.
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Take a quick quiz to find out your status in 2008-2009. |
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Do you need to provide parent information on your FAFSA?
Independent status is based on federally determined criteria. Take a quick quiz to find out your status for the award year beginning July 1, 2008.
Special Circumstances
The FAFSA collects data and evaluates your family's financial strength based on the prior year's income information. If you have experienced extenuating circumstances (loss of employment, death, divorce, etc.), which will effect your familiy's current income information, please contact the Financial Aid Office. In some cases, a change may result in a lower EFC but may not affect your overall award package. By answering a few questions, we will be able to determine if it would be worthwhile to pursue a petition and advise you of the supporting documentation required for your unique situation.
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