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For FAFSA If my parents AGI is 415000 and they paid 13000 in taxes what is the EFC for my college?
Wiki User
∙ 11y ago
You will need to fill out the FAFSA so you can find out what your number will be for sure. EFC stands for Expected Family Contribution.
The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school.
Your EFC is figured out after you report information about your specific situation on the FAFSA.
It is based on a formula established by law.
This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college.
Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.
Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
Wiki User
∙ 11y ago
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Can I still get into college if I mess up my FAFSA?
FAFSA relates to the financial aspect of college. It is not a determining factor in admissions.
What is the FAFSA for westwood college?
The Free Application for Federal Student Aid (FAFSA) process is the same for every college.
You are 23 and wanted to go back to college when filling out a fafsa they required you to add your parents info your mother is in default on a fed studen loan of her own Will you still be eligible?
If you were born before January 1 1989 you can file independent on your fafsa and then it won't require parents information.
Which income tax reports do you need for fafsa if you want to start college fall of 2008?
You need your parents most recent tax reports which would be from 2007. If they have not completed them by the time you are filling out your FAFSA form, you have to use the report from the year before, but you must update your information when your parents file.
What does FAFSA pay for?
That Free Application for Federal Student Aid (FAFSA) determines your financial need for college. The FAFSA itself does not help you pay for college, rather it is an application that will determine if you qualify for assistance for college from federal student loans or grants. A FAFSA is also required for most scholarships that are needs based.
What is a FAFSA test?
The FAFSA is not actually a test. FAFSA stands for Free Application for Federal Student Aid. It is an application you fill out to find out how much financial aid you are eligible for for college. You and/or your parents/guardians will need to fill out taxes first. While the application does have a lot of questions, you will know all the answers.
How can you pay for college without FAFSA?
get a job!
Where could I obtain a FAFSA form?
To obtain a FAFSA form, one can either ask for one at the college he or she is applying to, often the college will have printed FAFSA forms. Another option is doing the application online at fafsa.edu.gov
When is the FAFSA available online?
The FAFSA is available online starting January 1st of every year, but your parents need to fill out their taxes first, so you may not be able to fill it out right away. You should make sure you fill it out before your school's deadline, which is listed on the FAFSA site and your college's financial aid website.
Can FAFSA be used for housing?
Yes, the financial aid you receive when you fill out the FAFSA can be used for housing while you are in college.
Do all students applying to college have to fill out the FAFSA?
No
How do you qualify for pell grants for college?
You can see if you qualify for certain pell grants for college by applying for FAFSA at www.fafsa.ed.gov. FAFSA provides money from the government to students who need additional assistance paying for college.
