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July 25, 2024 at 3:06 PM. ... You can also use the Get2College Expected Family Contribution Calculator to get an idea of your family’s responsibility before submitting the FAFSA.
If you're relying on federal student loans to help you pay for college, you'll first need to complete your Free Application for Federal Student Aid (FAFSA). The information you provide on the ...
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
Your Expected Family Contribution (EFC) is pumped out automatically by your Free Application for Federal Student Aid (FAFSA). EFC and FAFSA Problems: When Your Parents Can’t Help Pay for College ...
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 attending a college, the student has a financial need (as the term is used in the U.S. financial aid system).
[12] [58] A student or family could go online, find the calculator at a college's website, and enter the required financial and academic information, and the calculator will provide a personalized estimate of the likely cost of attending that college. The first online calculators were started by Williams College. [71]
This restriction was removed with the 2024 FAFSA. [ 4 ] ) Male students between the ages of 18 and 25 were generally required be registered with the Selective Service System (for Conscription in the United States ), but the FAFSA Simplification Act removed this requirement starting with the 2021–2022 school year. [ 5 ]
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