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The Free Application for Federal Student Aid, better known as the FAFSA, has long been due for an update. On December 30, a new version of the form was released – a culmination of changes ...
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 ...
The FAFSA Deadline Act in 2024 made the October availability date part of the law. [8] The 2016–2017 academic year was the final time the FAFSA was not made available until January 1. [7] Two-year old US tax information is used to complete the financial sections of the FAFSA beginning with the 2017–2018 academic year.
A common misconception is that the EFC is a statement of what the family actually will pay. This is usually not the case, and many families pay more, sometimes much more, than the EFC. [citation needed] The college's costs, minus the EFC, gives the student's financial need. Most four-year colleges do not have enough financial aid to meet ...
Filling out the Free Application for Federal Student Aid, known as the FAFSA, is one of the most important steps students and their families can take to pay for college. In fact, the U.S ...
If you think you can’t get financial aid for college because your parents make too much money, it’s worth your time to fill out the FAFSA, aka the Free Application for Federal Student Aid. Why?
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