FAFSA...
...Free Application for Federal Student Aid
by Randy Rivers
September 27, 2007
What is it? FAFSA stands for "Free Application for Federal Student Aid." It is the form that the federal government uses to determine your eligibility for federal aid including grants, work study and loans.
How it works? Using the information you supply on the FAFSA form, the federal processor determines your expected family contribution (EFC) - the amount of money your family can be expected to contribute to your college costs. Your prospective college then applies a simple equation to decide how much financial aid you will need. (To get an early estimate of your EFC, check out the FAFSA4caster.)
Your prospective colege will then try to meet your needs through a financial aid package made up of finds from federal, state, school and private sources as well as student loans, student employment and personal and family contributions.
FAFSA...
Post your feedback on this topic here
| Date | Subject | Posted by: |
|---|---|---|
| No feedback has been posted yet. Please post yours! | ||
