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Name ___________________________________________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 an actual 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 Read this sample STUDENT AID REPORT. If you need help reading the SAR, read this helpful guide to understanding your SAR.Part II: Analyze the Student Aid Report Answer the questions below based on the information you found in the sample Student Aid Report. **Hint: To find the answers to questions 1-3, look in the box near the top of the first page and the text below it. Questions 4-7 can be answered by reviewing the rest of the document.What is Anna’s EFC (Expected Family Contribution)?What is Anna’s DRN? What is the purpose of this number? (If you are not sure what a DRN is, check out the SAR guide link above for help)Is Anna eligible to receive a Pell Grant? If she is, what is the maximum amount she can get from a Pell Grant? (Click here to see what the current limit is on a Pell Grant. Note that Anna’s SAR is for the 2012-2013 FAFSA, but the Pell Grant limit is updated for the current year). How much gross income did each of the following earn in 2011?AnnaAnna’s Father Anna’s Mother Anna’s family was expecting a lower EFC than they received. Anna’s mother suggests changing the Parent’s Gross Income from $97,000 to $57,000 and re-submitting the FAFSA. Why is this a bad idea?Why is it important to review all 8 pages of this document carefully? How could failing to review this document negatively impact you?Why do you think the graduation and retention rates for your selected colleges are displayed at the bottom of the SAR? How might that information impact your college selection process? ................
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