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[Download] "An Empirical Examination of the Impact of College Financial Aid on Family Savings." by National Tax Journal # eBook PDF Kindle ePub Free

An Empirical Examination of the Impact of College Financial Aid on Family Savings.

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eBook details

  • Title: An Empirical Examination of the Impact of College Financial Aid on Family Savings.
  • Author : National Tax Journal
  • Release Date : January 01, 2004
  • Genre: Business & Personal Finance,Books,
  • Pages : * pages
  • Size : 309 KB

Description

INTRODUCTION Most colleges and universities in the United States adjust the prices they charge some of their students based on their ability to pay. Middle and lower income families are often eligible for and receive financial aid from federal and institutional sources for their educational expenses. Needs analysis is the mechanism for determining eligibility for financial aid dollars and the amount of award one will receive. Needs analysis formulae attempt to ascertain a family's-usually both the student and his or her parents--ability to pay for higher education expenses. Detailed information on the family's income, assets, and familial composition are provided by the family to the institution to which a student is applying for financial aid. Financial aid directors at the institution use this information and apply needs analysis formulae to the family's financial information to determine how much a family should pay and thus how much financial aid they will receive.


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