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… plus the student's assets, parental contribution, other financial aid (such as scholarships). Knowledge of what elements (income, assets, and resources) are considered in the calculation of financial need. Knowledge of how your financial aid award offer is … file for these documents as they are important, and students will need them for years to come. Knowing and complying with the deadlines for application or reapplication for aid. Knowing and complying with the Los Angeles Community College …