answersLogoWhite

0

When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

Do you do a FAFSA for grad school?

Yes, you should complete a FAFSA to find out your financial need for graduate school. It is best to fill out the FAFSA early. You will also need to fill out a FAFSA every year you attend graduate school.


Do you need to complete a FAFSA in order to be eligible for need-based grants?

Yes, completing the Free Application for Federal Student Aid (FAFSA) is typically required to be eligible for need-based grants. The FAFSA assesses your financial situation and determines your eligibility for federal, state, and institutional financial aid, including grants. Most colleges and universities also use the FAFSA to allocate their own need-based funding. Therefore, submitting the FAFSA is a crucial step for obtaining these types of financial assistance.


What does efc 014199 mean on fafsa?

The code "EFC 014199" on the FAFSA refers to your Expected Family Contribution (EFC) calculated by the FAFSA system. This number represents the amount your family is expected to contribute toward your education for the academic year. A lower EFC indicates a greater financial need, which can impact your eligibility for federal and state financial aid programs.


Can I apply for FAFSA if I didn't qualify?

You will not know if you qualify for financial needs based financial aid until you fill out the FAFSA.


Do you need a tax return for a FAFSA loan?

Yes, you typically need to provide tax return information when completing the FAFSA (Free Application for Federal Student Aid) to qualify for federal student loans and grants. The FAFSA uses your family's financial information, including tax returns, to assess your eligibility for financial aid. If you or your parents haven't filed a tax return, you may need to provide alternative income documentation. It's important to complete the FAFSA accurately to ensure you receive the aid you need for education.

Related Questions

Finding FAFSA Assistance?

Most students do not necessarily enjoy completing the FAFSA, but it is one of the most important tasks that you need to complete to be awarded financial aid. The good news is that you only need to complete the FAFSA one time. After completion, it can be accessed by all the schools you are considering. If you need help with your FAFSA, contact the Financial Aid Office at your desired college. Financial aid employees are trained to help students complete forms such as the FAFSA.


Do you do a FAFSA for grad school?

Yes, you should complete a FAFSA to find out your financial need for graduate school. It is best to fill out the FAFSA early. You will also need to fill out a FAFSA every year you attend graduate school.


Do you need to complete a FAFSA in order to be eligible for need-based grants?

Yes, completing the Free Application for Federal Student Aid (FAFSA) is typically required to be eligible for need-based grants. The FAFSA assesses your financial situation and determines your eligibility for federal, state, and institutional financial aid, including grants. Most colleges and universities also use the FAFSA to allocate their own need-based funding. Therefore, submitting the FAFSA is a crucial step for obtaining these types of financial assistance.


Where can I find online a FAFSA estimator?

You can find one at this website: www.fafsaonline.com/financial-aid-application/FAFSA-calculator.php. Hope it helps you out with what you need.


Can I apply for FAFSA if I didn't qualify?

You will not know if you qualify for financial needs based financial aid until you fill out the FAFSA.


Is the FAFSA calculator used to determine how much financial aid my child can get for college?

The FAFSA calculator will help you determine how much financial aid your son will need to attend college. Other factors include which school and if housing is needed.


Do you need a tax return for a FAFSA loan?

Yes, you typically need to provide tax return information when completing the FAFSA (Free Application for Federal Student Aid) to qualify for federal student loans and grants. The FAFSA uses your family's financial information, including tax returns, to assess your eligibility for financial aid. If you or your parents haven't filed a tax return, you may need to provide alternative income documentation. It's important to complete the FAFSA accurately to ensure you receive the aid you need for education.


What is the FAFSA deadline for 2015?

When you are completing the FAFSA, you will need to keep in mind several deadlines for the 2014-2015 school year FAFSA:Federal deadline: June 30, 2015State deadline: You can look up the specific deadline for your state on the FAFSA deadlineCollege deadline: Check with a financial aid counselor and/or look it up on your school's websiteKeep in mind though, if you want to find out your financial aid, you should definitely submit the FAFSA before you start school in the fall. For most schools, you need to submit the FAFSA by about March 2014 for the 2014-2015 school year. Many financial aid counselors advise students to fill out the FAFSA as soon as possible after January 1, 2014.


What is the process for applying for financial aid for a Ph.D. program through FAFSA?

To apply for financial aid for a Ph.D. program through FAFSA, you need to fill out the Free Application for Federal Student Aid (FAFSA) form online. This form collects information about your financial situation and helps determine your eligibility for federal student aid, including grants, loans, and work-study programs. Make sure to submit the FAFSA by the deadline and provide accurate information to receive the maximum amount of financial aid available to you.


Do you need to fill out the FAFSA even if you are not eligible for assistance?

It is a good idea for anyone to fill out a FAFSA. The only way to truly know if and how much financial assistance you are eligible for is to fill out the FAFSA. It is also good to fill out the FAFSA even if you don't think you are eligible for assistance because some scholarships that are not needs-based require you to have a FAFSA on 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 happens if you divorce after you apply for FAFSA?

You can speak to a financial aid counselor at your school and have them help you adjust your FAFSA.