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Investments & Financial Planning
In reference to a Mutual fund, what is the ( NAV ) net asset value ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
NAV is the value of a single share of a fund as reported by the fund through Nasdaq. Shares are sold to the public at NAV plus any sales charge and are redeemed at NAV less any redemption charges.
Each fund calculates NAV separately for each class. NAV is calculated by taking the current value of the funds total assets allocated to a specific share and subtracting the liabilities and expenses charged against that class and then dividing that amount by the total number of shares of that class outstanding.
The NAV of each fund is generally based on the market value of the securities held in the fund. If market value is not available then the fair value is used.
The fair value is determined in good faith by procedures approved by the Boards of Directors or Trustees of the Mutual fund.
Each fund calculates NAV separately for each class. NAV is calculated by taking the current value of the funds total assets allocated to a specific share and subtracting the liabilities and expenses charged against that class and then dividing that amount by the total number of shares of that class outstanding.
The NAV of each fund is generally based on the market value of the securities held in the fund. If market value is not available then the fair value is used.
The fair value is determined in good faith by procedures approved by the Boards of Directors or Trustees of the Mutual fund.
College Planning & Financial Aid
What are some website addresses for On line Campus Tours ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
Eapply = www.collegquest.com, XAP Apps = www.xap.com, CollegeLink = www.collegelink.com, The Common App = www.commonapp.org, College View = www.collegeview.com/appzap, Embark.com = Apply.embark.com, CollegeNet = www.applyweb.com, College Board = www.collegeboard.org.
College Planning & Financial Aid
What are some website addresses for Financial Aid Forms ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
(FAFSA on the Web = www.fafsa.ed.gov) (PROFILE report = www.collegeboard.org/profile/index.html)
(The Student Guide = www.ed.gov/prog_info/SFA/StudentGuide)
(College is Possible = www.collegeispossible.org.) (Calculator = www.collegeboard.org/finaid.) (www.collegeboard.com/finaid/fastud/html/efc.html)
College Planning & Financial Aid
What are some website addresses for Scholarships ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
(FinAid = www.finaid.org)(FastWeb = www.fastWeb.com)
(FreSch = www.freschinfo.com)
(MACH25 = www.collegenet.com/mach25)
(Scholarship 101 = 208.225.207.218/scholarships101/)
(Embark = www.embark.com/fa) (Fastweb = www.fastweb.com)
College Planning & Financial Aid
Can I apply for the SAT or ACT on line ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
Yes. SAT address is www.collegeboard.org/sat/html/satform.html,
ACT is www.act.org/aap/regist/index.html
College Planning & Financial Aid
In relation to the FAFSA form , how much aid am I eligble for ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
How much aid you are eligible for depends on your Expected Family Contribution, your year in school, and the cost of attendance at the school you will be attending. For more information, see the financial aid administrator at your school or see The Student Guide at http://www.ed.gov/prog_info/SFA/StudentGuide or call 800/4-FEDAID (800/433-3243)/TTY: 800/730-8913 or 319/337-5665 to request a free copy of the Student Guide.
College Planning & Financial Aid
If I want to apply to more than one college , should I fill out another FAFSA form ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
No. You can select up to six schools to receive your FAFSA data by listing them on your application.
College Planning & Financial Aid
How do I apply to more than 4 colleges using the FAFSA form ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
If you are completing a paper FAFSA, you can only list four colleges in the school code step.
You may add more colleges by doing one of the following:
1. Use the Federal Student Aid PIN you will receive after your FAFSA has been processed and go to FAFSA on the Web at www.fafsa.gov. Click the “Start Here” button to log in and then select the “Make FAFSA Corrections” link. 2. Use the Student Aid Report (SAR), which you will receive after your FAFSA is processed. Your Data Release Number (DRN) verifies your identity and will be listed on the first page of your SAR. You can call 1-800-4-FED-AID and provide your DRN to a customer service representative, who will add more school codes for you. 3. Provide your DRN to the financial aid administrator at the college you want added, and he or she can add their school code to your FAFSA. Note: Your FAFSA record can only list up to ten school codes. If there are ten school codes on your record, any new school codes that you add will replace one or more of the school
codes listed.
College Planning & Financial Aid
In the FAFSA process If I do not get my Student Aid Report ( SAR ) back within two weeks , should I reapply ?
Asked Monday, November 13, 2000 by an anonymous userCPA Answer:
No. Before reapplying, call the Federal Student Aid Information Center at 800/4-FEDAID (800/433-3243)/TTY: 800/730-8913 or 319/337-5665 and ask if the U.S. Department of Education has your FAFSA on file. You can also check on the status of your application by selecting "Entering a FAFSA Online" from the FAFSA on the Web home page at http://www.fafsa.ed.gov, and choosing the "Check My Submitted FAFSA" option.