Financial need definition

Financial need means the difference between the total costs of the project less the total financing that will be received for the project.

Financial need means the difference between the student’s financial resources, including resources available from the student’s parents and the student, as determined by a completed parents’ financial statement and including any non-campus-administered federal or state grants and scholarships, and the student’s estimated expenses while attending the institution. A student shall accept all available federal and state grants and scholarships before being considered eligible for grants under the Iowa minority academic grants for economic success program. Financial need shall be reconsidered on at least an annual basis.

Financial need means the difference between the student’s financial resources, including resources available from the student’s parents and the student, as determined by a completed parent’s or student’s financial statement. Financial need shall be reconsidered on at least an annual basis.

Examples of Financial need in a sentence

• Financial need: As determined by your institution using the federal methodology and/or your institution's own standards.

• Financial need is determined through the use of a financial need analysis system approved annually by the U.S. Department of Education.

• Financial need and immigration status may be considered, but will not be used in place of the primary selection criteria.

• Financial need will be considered in evaluating two or more equally qualified candidates.

• Bursaries “are determined based on financial need and are intended to supplement, but not replace, the student's own resources and the resources of the applicant's immediate family.” Financial need is established when a student can demonstrate that his/her expenses exceed his/her resources.

More Definitions of Financial need

Financial need means the difference between the student’s financial resources available, including those available from the student’s parents as determined by a completed parents’ confidential statement, and the student’s anticipated expenses while attending the accredited private institution. Financial need shall be redetermined at least annually.

Financial need means a demonstrated financial inability to

Financial need means the need of an applicant for financial assistance. Need shall be evaluated annually on the basis of a confidential statement of family finances filed on a form designated by the commission. For the purposes of determining financial need, the commission has adopted the use of the Free Application for Federal Student Aid (FAFSA), a federal form used to calculate a formula developed by the U.S. Department of Education, the results of which are used to determine relative need. The FAFSA must be received by the processing agent by the date specified in the application instructions.

Financial need means the difference between a student's

Financial need means the difference between the school's Cost of Attendance and the student's available resources.

Financial need means the difference between the student’s financial resources available, including those available from the student’s parents as determined by a completed parents’ confidential statement, and the student’s anticipated expenses while attending an eligible institution.

Financial need means the difference between a student's cost