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The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid . [ 1 ] There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA.
The information you provide on the FAFSA, including your family's assets, will help determine … Continue reading → The post What Is the Expected Family Contribution (EFC)? appeared first on ...
EFC and FAFSA might seem confusing, but these simple-enough terms will help you figure out how much need-based financial aid you could receive for college — all you’ll need is some middle ...
To qualify for need-based aid a student must have a significant amount of financial need, which is determined by the federal government based on the FAFSA. Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of ...
After completing the FAFSA, students are presented with a Student Aid Report (SAR). The SAR provides a student with their potential eligibility for different types of financial aid, their Expected Family Contribution (EFC), and a summary of the data a student provided in the application. [14]
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
The FAFSA determines eligibility for federal Pell Grants and federal student loans – and in most cases, the financial aid provided by colleges as well, though some require students to submit an ...
College visits (including overnight ones), [181] interviews, attending College Fair days, [181] comments in the essay, contacting college faculty members, answering and opening emails, [181] [182] place position of the college on the FAFSA form or its FAFSA position, [82] [83] [84] [183] and other indications of interest can be a factor for ...