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A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The school's financial aid staff combines various forms of aid into a "package" to help meet a student's education costs.
A federal grant in aid is federal money granted to a recipient to fund a project or program. Federal grants in aid are not loans and therefore require no repayment. Federal grants can be awarded to university faculty members to pursue a particular line of research.
University of Wisconsin-Madison costs $13,484 after scholarships and grants, with 31% of students receiving financial aid and an average aid package of $20,697. Financial aid applications are due April 15.
The first notable difference is that the FAFSA isn't a type of financial aid; instead, it's a general application for multiple federal aid programs. A Pell Grant, on the other hand, is a type of federal aid program that uses the FAFSA to determine if a student is eligible.
Wisconsin Grant Provides assistance to undergraduate, Wisconsin residents enrolled at least half-time at colleges or universities based in Wisconsin. Grant amounts are based on financial need and eligibility cannot exceed ten semesters.. The maximum amount is established annually by HEAB.
Federal financial aid is distributed on a first-come, first-served basis. Students and parents who apply early have a better chance of receiving aid, including grant aid that does not have to be repaid. Students must also file a FAFSA to be eligible for the Wisconsin Grant Program and other state aid.
Eligibility Requirements Be a resident of the state of Wisconsin. Have a high school diploma, GED, or equivalent. Be enrolled in an undergraduate degree or certificate program. Be attending a non-profit college or university based in Wisconsin.
University of Wisconsin-Madison costs $13,484 after scholarships and grants, with 31% of students receiving financial aid and an average aid package of $20,697. Financial aid applications are due April 15.