Admissions Decisions Weekly Insights
Insights provided by admissionsdecisions.com
Welcome back! In continuation of our monthly focus on financial aid, one of the questions sent to us is on the differences between applying for financial aid for grad school versus undergraduate. While the basic process is the same, we did want to quickly highlight some key differences for the audience:
For most undergrads, you will submit FAFSA as a legal dependent - that means that the assets and income of whoever claims you as a dependent (also your parents) will be included in determining your financial need.
In grad school, you will almost certainly be submitting a FAFSA as an independent - meaning that no one claims you as a dependent. In that situation, you only will submit your own financial information when you submit the FAFSA for the purposes of establishing financial need.
Grad school financial aid tends to be more loan heavy and less focused on grants and scholarships than undergrad
Grad school offers differ types of loans with different borrowing limits. For example, the Grad PLUS loans offer no limit on the amount you can borrow, up to the cost of attendance.
As always, if you have questions, feel free to tweet, email, or comment them for us to ask. We are always willing to help. Now, onto this week’s reads.
This Week’s Articles:
Looking to standout in your med school applications? Some applicants are using their time in the military to highlight their unique perspectives in the medical field.
Although by no means new, it is becoming more mainstream for students to take a gap year before or during their time in college.
In the latest sign of colleges returning to SAT/ACT requirements, Purdue announced it will require the standardized tests moving forward.