Home  |  Careers & Education  |  College & Graduate  | 

Learn Financial Aid Terminology

What is financial need and how is it determined?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
Brad Barnett

<span><font><font>Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.<span>  </span>He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.<span>  </span>He has been involved in the financial aid and/or rehabilitation professions for the past 15 years.</font></font></span><span><font> </font></span><span><font>Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University.<span>  </span>Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University.<span>  </span>Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees.<span>  </span>In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.”<span>  </span>Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college.<span>  </span>He has also facilitated strategic planning and value development retreats.</font></span>

What is financial need and how is it determined?

In this video, Mr. Barnett defines some important financial aid terminology that will assist you in understanding more about financial aid in general.

This expert: 139,268 views

This series: 17,877 views

Download to Mobile Device
Tags:

Financial aid

,

College

,

Graduate

,

School

,

University

,

Scholarship

,

Scholar

,

Study

,

Grant

,

Loan

,

Application

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: What is Financial Need and how it is determined?

Brad Barnett: A Financial Need, basically takes your Cost Of Attendance and then we subtract the EFC number, the Expected Family Contribution number, the different between the two is your Financial Need. That s why the Cost Of Attendance and the EFC are so important. Our goal, as a financial aid office, is to try to give you as much money as we can to meet that need. Sometimes we can, sometimes we can t, but that s the basis for awarding financial aid.

Other Videos

  • How to Write a Resume

    How to Write a Resume

    This video series will show how to write a resume. Louise Kursmark, a leading expert in resume writing, will help you with these useful tips. This video will discuss how resume writing has changed in the past 10 years.
  • Resume Writing - How long should my resume be?

    Resume Writing - How long should my resume be?

    This video will talk about resume length.
  • What strategies can I use on the problem solving questions on the GRE?

    What strategies can I use on the problem solving ...

    Everything you need to know to ace the GRE. Learn how to study, what types of questions to expect and what to do the morning of your exam.
  • How to Build a Computer

    How to Build a Computer

    Jay Simenson of Valcom Computer demonstrates how to build a computer.
  • What are the differences between a public and private college?

    What are the differences between a public and private ...

    This video discusses the steps a high school student should take to begin the process for identifying the right choices and applying to college. It will provide you with both facts and expert opinion on various aspects of the college selection and admission process. There are suggestions on how to plan and strategize for gaining admittance to college. In addition, it will highlight different aspects of the process and breaks each down to a specific segment like standardized tests, college essays, financial aid, etc. to name just a few. We will offer suggestions on how to get started, remain on schedule and finally how to make the best choice for college. This video will provide every student and parent with the necessary insight as to how to begin and best move forward with the college process.
  • What do I say in my essays?

    What do I say in my essays?

    In this video, David Petersam (President of AdmissionsConsultants) discusses the various steps involved in applying to a top-ranked MBA program. This video is designed for the aspiring applicant as well as those currently undergoing the process; it covers every phase of the application process, from school selection to the interview to being admitted. Included in the series is an overview of terms, what to expect throughout the process, and what to do after you’ve been admitted.