Word: formulas
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Dates: during 1990-1999
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...outset, each school will evaluate your FAFSA (Free Application for Federal Student Aid) using a federal formula to determine how much federal aid you're eligible for, including loans with competitive interest rates, like the Perkins and Stafford (see chart). You'll receive a report from each school advising you of your expected family contribution...
Rather than stick to traditional financial-aid formulas that consider the value of your home, cars and other assets, these colleges will provide more grants and disregard at least $90,000 of income in calculating need. For a family earning $65,000 with college savings of $20,000, that could equal $3,500 more in grants than was possible under the old formula. Families with an annual income of less than $40,000 will receive substantially more in grant aid. "This new formula answers a question schools have heard middle-class students asking," says Tim McDonough of the American Council...
...HOPE scholarship and the Lifetime Learning credit. Nor can money they withdraw from an EIRA be used in conjunction with a prepaid tuition plan. Since EIRAs are not considered retirement funds, they are set up in a child's name, and their value is calculated in the federal formula for financial aid. Result: colleges will take a bigger bite out of the savings...
...former, according to a spokesman, would be an "unfair and misguided imposition on Mr. Gates's time." On the latter, Microsoft stuck to its well-worn Coke analogy; the source code, it said, was the "software equivalent to the formula for Coca-Cola." Not only that, handing it over would "reveal plans for future operating systems." That's why they want the government experts examining it to agree not to work for Redmond's rivals in the next few years. No, says the government, that would bankrupt them...
...boys and guns isn't an automatic formula for mayhem. Indeed, a student hailed as a hero for stopping Kinkel's rampage belongs to the National Rifle Association. There is something else at work, a toxic combination of biology and environment. However lonely or teased or poisoned by culture, the accused boys all seem to share a deep-seated--perhaps "inherited," as a Kinkel family friend put it--sense of rage. Investigators think Kip shot his father as they argued over his dad's plan to send him to a National Guard program for troubled youths. Kip had been expelled...