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FAFSA
The FAFSA (aka Free Application for Federal Student Aid) is a form that prospective or current undergraduate and graduate college students can fill out to determine their eligibility for various types of student financial aid including grants, Federal student loans as well as Federal work study. Questions about the FAFSA can be found here.
403 Questions
What is the difference between state and federal FAFSA?
There are federal education policies, federal education loans, and federal education standards.
However, unlike state schools (public colleges and universities) the only use of
'a federal education' I've ever heard referred either to:
# being in the military
* akin to the school of hard knocks, life university, and other witticisms;
* On the job training in the military;
* Officer training schools such as West Point or Annapolis 2. being in federal prison * sarcastically, referring to the prison sentence, or
* tongue-in-cheek, referring to obtaining further education while in the federal prison)
How can I get a needed tax return for Fafsa if I am on Social Security disability?
Get a tax form (1040, 1040A, or 1040EZ, whichever works for you) and fill it out with the information you have, even though you don't need to file it. Then you will have the necessary line numbers and amounts to use in your FAFSA application. If that means all zeroes, then it will be zeroes.
How do I complete a Fafsa if I don't need to file taxes?
Get a tax form (1040, 1040A, or 1040EZ, whichever works for you) and fill it out with the information you have, even though you don't need to file it. Then you will have the necessary line numbers and amounts to use in your FAFSA application. If that means all zeroes, then it will be zeroes.
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.
How long does it take for a Fafsa application to process?
FAFSA-It takes 48 hours to process your application and 2-3 weeks to finalize it. (send it to the school(s) listed.)
School's-5-6 weeks for the Financial Aid Office to post your award(s).
Can you apply for FAFSA without your parents tax return?
You can fill out the FAFSA without your parents' tax information if you are considered an independent student. You can figure out if you need to use their information by looking at the criteria below.
Do you only fill out the FAFSA once for all schools?
Yes, you only need to fill out the FAFSA once. Then you will fill in the school codes for the schools you would like to receive your results. Your FAFSA will automatically be sent to those schools.
What does it mean if the EFC number is 02900 on my FAFSA?
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.
Do you get an refund check back from FAFSA?
You get the refund from your school if there is a remaning balance once all your fees have bene paid off. Mnay school's work with a company called Higher-One that distributes the refund's. (paper check/debit card/bank transfer.)
When should you complete and send in the free application for federal student aid FAFSA?
As soon after January 1st as possible.
Is the Pell Grant the same as FAFSA?
The Pell grant is not the same as the FAFSA. The FAFSA stands for Free Application for Federal Student Aid and it is what you fill out to find out if you are eligible for federal financial aid, including the Pell grant.
What does the acronym FAFSA stand for?
FAFSA stands for The Free Application for Federal Student Aid. It is the most important form you must complete in order to qualify for almost all types of financial aid.
Your FAFSA information is used to determine what aid you may qualify for, including grants, need-based scholarships as well as federal student loans.
Is the EFC the amount you will get from the FAFSA?
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.
Does penn foster college accepts FAFSA?
Penn Foster is a "Self-Paced" and "Independent Study" school. FAFSA requirements dictate that the school be either "Full-Time" or "Half-Time" status. Self paced and independent study does not fall into either category and therefore FAFSA is not available at Penn Foster College. However, you do not have to pay the tuition up front as Penn Foster offers zero (0%) percent payments plans so you can "Pay As You Go" and graduate with no debt whatsoever.
Can I fill out a FAFSA if I owe taxes?
You can, but if you get a refund from the school your attending based on State Laws it may be taken as part of payment to reduce the debt. (i.e child support etc.)
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.
What does it mean if your EFC is 4855 on the FAFSA?
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.
When you fill out the FAFSA, you can find out if you are eligible to receive financial aid in the form of grants, scholarships, loans, and work study.
Do federal student grants count as income on the FAFSA?
Because it is a part of the family support that helps pay some of the necessary living expenses.
What does your EFC on the FAFSA mean?
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.
How much money can you get for financial aid based on your EFC on the FAFSA?
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.
Is 11 a good EFC number on your FAFSA?
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.
What does it cost to submit the FAFSA?
The FAFSA is free to fill out and submit. FAFSA stands for Free Application for Federal Student Aid.
When should you submit your FAFSA?
You should fill out your FAFSA in January to March for the following school year. You can continue to fill out the FAFSA throughout the school year though. If you are planning on starting college in August 2014, you should fill out the FAFSA starting in January 2014 when the 2014-2015 school year FAFSA becomes available. If you have any questions about your particular situation, the financial aid department or your high school guidance counselor will be happy to assist you.
