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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
Do you have to be a U.S. citizen to fill out the FAFSA?
Yes, you must be a U.S. citizen or an eligible noncitizen to fill out the Free Application for Federal Student Aid for college. You are considered an eligible noncitizen if you are:
-A U.S. national
-An U.S. permanent resident with a green card
-You hold a T-visa or your parents hold a T-1 visa
-You are a battered immigrant-qualified alien
-You have an Arrival-Departure Record (I-94) from U.S. Citizen and Immigration Services (USCIS) showing "Refugee," "Asylum Granted," "Cuban-Haitian Entrant (Status Pending)," "Conditional Entrant" (if issued before April 1, 1980), or "Parolee" (if you have been paroled at least a year and can show you are not here for a temporary purpose).
-You are a citizen of the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau.
What can an EFC of 1723 on a FAFSA get you?
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 if your EFC on your FAFSA is 9999?
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.
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.
What does it mean if your EFC is 1532 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.
How much grant money will I receive if my EFC is 08678?
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 have in your account for the FAFSA?
For the FAFSA (Free Application for Federal Student Aid), there isn't a specific limit on how much money you can have in your account, but your assets do impact your financial aid eligibility. The FAFSA considers both student and parent assets, and a portion of these assets is assessed when calculating your Expected Family Contribution (EFC). Generally, up to 20% of student assets and about 5.64% of parent assets are included in the EFC calculation. Therefore, having more assets could potentially reduce your financial aid eligibility.
Who needs to complete the FAFSA?
Any student that is looking for Federal Loans or Grants to help pay for educational expenses should fill out a FAFSA. Federal Loans will need to be paid back and Federal Grants do not as long as a student stays in good academic standing.
Do you have to pay back FAFSA money if not used for school?
If a student accepts what's called a stipend check (the amount of excess Stafford Loan money sent to the student once college expenses have been deducted) then it does count as part of the student loan. Students are responsible for paying back the entire student loan plus interest whether it was spent on educational expenses or not. It is wise to return stipend checks and decrease the amount of student loans you take out.
If your fafsa application got rejected do you have to start a new one?
you can file again, but that doesn't mean anything is going to change. good luck =)
What does it mean if your EFC number is 1 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 mean if your EFC number is 8 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 mean if your EFC number is 36725 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.
How much financial aid do you think I can get with an EFC of a 8584?
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.
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 does FAFSA on the web stand for?
FAFSA stands for Free Application for Federal Student Aid. Students fill this out to find out if they are eligible for federal financial aid. It can be filled out online or printed out and mailed in.
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.
Is FAFSA required for a student loan?
Yes, you must fill out a FAFSA if you would like to receive a Direct Subsidized Loan or a Direct Unsubsidized Loan. You must also fill it out if your parents would like to receive a PLUS loan for your education. A FAFSA is not required if you would like to receive a private loan from a bank. Private loans may have a higher interest rate. They will do a credit check and they may require you to have a co-signer.
Does it cost to submit an FAFSA?
No, it is free as long as –you use the official government site (www.fafsa.ed.gov) to submit your application. If you go to any other sites, you will probably be asked to pay to submit the FAFSA.
Just keep in mind that the first F in "FAFSA" stands for "free".
Absolutely. Your grant is calculated on how many credits you are enrolled for. If you increase your credit load to full-time status, then the amount of money your allocated increases which is based on student need. Make sure you meet with a financial counselor at the school you attend for detailed information.
If your EFC is 0 who pays for your education?
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 mean if your EFC number is 3085 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 mean if your efc number is 00000 on your fafsa?
It means that your college will be paid for like 95% or maybe even 100%
