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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. If any of these things has changed, then your Expected Family Contribution will be different.

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.

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When is the last day to sign up for the FAFSA?

There are different deadlines for different programs. You can fill out the FAFSA until June 2014, but it is recommended to fill it out much sooner than that, preferably by March 2013 for the 2013-2014 school year. You will want to check school and state deadlines as well.


What Is The FAFSA Free Application?

Luckily, the FAFSA free application will never cost a student any money to fill out. The results of filling out the FAFSA can help anyone finance their entire education though. A new application must be filed each school year, so a student needs to remember this vital task. Some students will receive more financial aid than others, but every penny helps. For that reason, the FAFSA is one of the best tools for students that need money to attend college.


What it mean if this year's dividend per share is higher than last year?

profit is high.


Do you have to repay a FAFSA grant?

Usually you do not have to pay grants back. If you withdraw early from the program that you are given the grant for or if the amount given to you is more than you are eligible to receive then you will have to pay the grant back.


Financial Aid Forms?

Part of applying for college and financial aid involves filling out forms. In addition to the forms needed to be accepted to a college, a student has to fill out application forms for most individual sources of financial aid. That is, each scholarship has its own application process and form to fill out and submit. One of the best known financial aid forms is the Free Application for Federal Student Aid, which is usually abbreviated "FAFSA." Anyone applying for financial aid is urged to fill out the FAFSA, even if it is suspected that the student will not receive federal financial aid. The applications are evaluated on an individual basis, and a student may be surprised to get more than he or she expected. The FAFSA is a financial aid form that takes many aspects of the applicant into consideration. From general information such as ethnic background, whether or not the applicant is a first-generation college student, and whether or not the applicant will be living on campus, to more financial-focused information such as the applicant's income and educational expenses, the FAFSA looks at the whole student and determines need based on a formula used for all applications. Usually, students fill out the FAFSA to determine whether or not they qualify for Stafford or Perkins loans or federal or state grants available to all students. The money offered from the government may affect what aid students qualify for from their individual colleges, as well as how much. The student's financial aid officer then uses the information from the FAFSA to put together a financial aid package for that student. Filling out financial aid forms can be tedious, but it is a necessary part of receiving financial assistance for a student's education. Forms like the FAFSA can help determine what and how much financial aid a student is eligible for. And if financial aid is needed, filling out the FAFSA could mean the difference between college and taking a year off to work.

Related Questions

How does this compare to the fafsa?

Fafsa loans have a much lower interest rate than a loan you will get from the bank. Also, with fafsa a portion of your loan will be subsidized so you do not have to pay interest on that part. If you are already attending college talking to your financial counselor is the best bet.


Can you put more than one school down on FAFSA?

Yes, you can send your FAFSA results to more than one school. There is space to enter more than one school in the FAFSA.


When is the last day to sign up for the FAFSA?

There are different deadlines for different programs. You can fill out the FAFSA until June 2014, but it is recommended to fill it out much sooner than that, preferably by March 2013 for the 2013-2014 school year. You will want to check school and state deadlines as well.


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