Final answer:
The amount of financial aid you receive will depend upon your eligibility and the type of aid you apply for. Your family's income, assets, and the cost of attendance at your chosen school all play a role in determining eligibility. Completing the FAFSA form is an important step in applying for financial aid.
Step-by-step explanation:
The amount of financial aid you receive will depend upon how eligible you are and the type of aid you apply for. Factors such as your family's income, assets, and the cost of attendance at the school you plan to attend, will all play a role in determining your eligibility for financial aid.
For example, if your family has a low income and limited assets, you may be eligible for need-based grants or scholarships. On the other hand, if you have a higher income and assets, you may only qualify for loans or work-study programs.
To apply for financial aid, you will need to complete the Free Application for Federal Student Aid (FAFSA) form. This form collects information about your family's financial situation and is used by schools to determine your eligibility for federal and sometimes state or institutional aid.