Student Fees & Financial Resources (2024)

FAQs

How to answer student assets on FAFSA? ›

Enter the current total of any cash you have, and the combined total of all your checking and savings accounts. Enter the total value of your (and your spouse's) investments, subtracting any debts. Enter the current value of your (and your spouse's) businesses and/or farms, subtracting any debts owed on them.

Body: Your financial situation and hardships

Make sure you describe your parents' occupation, any savings (like a 529 College Savings Account), and any student jobs. You might also discuss any sudden changes in fortune (e.g. parent fell ill or lost their job) that have ruined your original financial plans.

Is Coursera easy to get Financial Aid? Yes, it is easy to get financial aid on Coursera if you meet the qualifications. Only one course or degree program can be applied for at a time. You have to wait up to 15 days to receive a definitive answer about your financial aid request.

Briefly Describe your Financial Need for this Scholarship

I am in need of financial assistance in order to attend college because I am a low-income student. I am the 1st child to attend the college. Although my parents gave me many supports, I received a limited financial assistance due to low family income.

Depending on your financial situation, you may be able to skip certain questions regarding income and assets. Skipping questions won't impact your eligibility for federal student aid, but it might affect eligibility for certain state-specific aid.

Colleges will generally expect families to use up to 20 percent of the assets owned by a dependent student to pay for college. This is true even if the student's assets are funded with other people's money.

Also called economic burden, economic hardship, financial burden, financial distress, financial stress, and financial toxicity.

Financial Hardship Letter Template + Sample

I am writing this letter to request assistance with my personal loan during a time of financial hardship. Approximately two weeks ago, I was let go from my job due to company-wide layoffs. As a result, I have been unable to continue making regular payments on my loan.

There are often two main reasons for financial hardship : 1. You could afford the loan when it was obtained but a change of circ*mstances has meant you can no longer afford the repayments; or 2. You could not afford to repay the loan when it was obtained. If this is the case, get legal advice immediately.

What to write in How will your selected course help with your goals? ›

In summary, taking a course can help you develop new skills, boost your credentials, open up new career paths, provide networking opportunities, and keep you up-to-date with industry changes. All of these factors can help you achieve your career goals and advance in your chosen field.

How much does an online certificate program on Coursera cost? Professional Certificate program costs range from $39-$99 USD per month. You can start with a 7 day free trial. MasterTrack Certificate program costs typically range from $2,000-$5,000.

Some documents that show evidence of financial need are bank statements, documentation from a sponsor, financial aid letters, or a letter from an employer showing annual salary.

Make sure you describe your parents' occupation, any savings (like a 529 College Savings Account), and any student jobs. You might also discuss any sudden changes in fortune (e.g. parent fell ill or lost their job) that have ruined your original financial plans.

Explain the difficulties you are having meeting your needs. Describe changes in your life that have affected your ability to pay for college. For example, changes in your family's income or unexpected expenses may have caused a financial deficit. Provide evidence that you can handle your finances responsibly.

Add the account balances of your (and if married, your spouse's) cash, savings, and checking accounts as of the day you submit the FAFSA form. Enter the total of all accounts as the total current balance.

The student should keep no cash or cash equivalents saved in their name. Students are punished by the FAFSA for saving any cash. The FAFSA will specifically ask “As of today what is the cash balance of checking, savings…” accounts for the student.

Generally, information that's correct as of the date the application was filed can't be changed. The student can't update income or asset information to reflect changes to his or her family's financial situation if those changes took place after the FAFSA was filed.

The net worth of your (and if married, your spouse's) current investments is the amount left over after deducting the debt from the value of each investment. A negative value of one property can't be used to reduce the value of other investment properties.