Definitions for "NEED ANALYSIS"
A system by which a student applicants ability to pay for educational expenses is evaluated and calculated. Need analysis consists of two primary components: (a) determination of an estimate of the applicants and/or familys ability to contribute to educational expenses; and (b) determination of an accurate estimate of the educational expenses themselves. This analysis is done based on information supplied on the Free Application for Federal Student Aid (FAFSA) and such substantiating documentation as your school may require.
Submenu Need analysis is the process applying the Federal Methodology and determining a student's financial need by analyzing the financial information provided by the student and his or her parents (and spouse, if any) on a financial aid form. The student must submit a need analysis form to apply for need-based aid. Need analysis forms include the Free Application for Federal Student Aid.
A standardized assessment of the ability of a student or of a student's family to contribute toward educational expenses.