Question: I am having some trouble with this finance assignment ANALYZE: A Student Aid Report (SAR) Once you complete the Free Application for Federal Student Aid

I am having some trouble with this finance assignment

I am having some trouble with this finance
ANALYZE: A Student Aid Report (SAR) Once you complete the Free Application for Federal Student Aid (FAFSA), you will receive a Student Aid Report (SAR). This report will provide you with some very important information about: your financial aid eligibility, how much colleges assume your family will need to pay, and what types of other aid you may be eligible for. In this activity, you will analyze a Student Aid Report to become familiar with the information it contains and why that Information is important in the college application process. Part I: Read a Sample Student Aid Report First, read this helpful guide to understanding your SAR. Then, review this sample STUDENT AID REPORT. Part II: Analyze the Student Aid Report Answer the questions below based on what you learned from the artic EXAMPLE Student Aid Re.. Student Aid Report. : PLEASE NOTE: Since this is a sample SAR, you may not find the information on the exact page referenced in the article. . ....: 1. What is Anna's EFC (Expected Family Contribution]? What does this number mean? . What is Anna's data release number (DRN)? What is the purpose of this number? . What is the Pell Grant? Who subsidizes it? Is every student eligible for it? . Is Anna eligible to receive a Pell Grant? What is the maximum Pell Grant award for the current year? (Click here to see what the current limit is on a Pell Grant.) 5. How much gross income did each of the following earn in 2018? a. Anna b. Parent #1 1 c. Parent #2 6. On Anna's SAR, the "Your Financial Aid History Information" section is blank or N/A. Why? 7. What do you think is a potential consequence if there is an error in the report? Is there any harm in providing your federal student aid ID to other people? TRUE or FALSE: If convicted of drug possession/distribution while receiving financial aid, the aid can be terminated. 10. TRUE or FALSE: Financial aid is awarded on a first come, first serve basis

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