FAFSA

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FAFSA

A form that a post-secondary student files with the federal government to determine eligibility for federal financial aid for school. The FAFSA outlines the student's (or his/her family's) assets and income and determines the amount he/she is expected to pay for education.
References in periodicals archive ?
I'd recommend starting this fall with the College Board's Estimated Family Contribution Calculator.
We may decide you focus on the neediest of the needy," Chavez said, suggesting the new estimated family contribution limit might be $2,000 or even zero.
com provides helpful information about the often-complex financial aid process, including a FAFSA worksheet, Estimated Family Contribution (EFC) Calculator, and informative articles and links to latest information and changes that effect students each academic year.
The form also adds "dislocated worker" to the list of criteria that could qualify an applicant for the Simplified Needs Test or Automatic Zero Estimated Family Contribution.
When combined with existing data on the student record (such as financial need, estimated family contribution, SAT and GPA scores, and admissions rating, if applicable) and maintained over time, the patterns in yield rates can be very telling.
You can divide your estimated family contribution into monthly payments.
MyRichUncle Estimated Family Contribution (EFC) Calculator, which is designed to help predict the amount that the student, and his/her family will be expected to contribute to the cost of education for one school year -- after grants, aid, scholarships, and federal Stafford loans have been awarded to the individual.
Ultimately, Pell Grant awards and other forms of financial aid a student receives are based on this contribution, also known as the estimated family contribution, or EFC.
While we could have met the federal government's requirement of having a net price calculator with a very basic college cost estimator, we chose a product that is more robust, has more features, and generates an estimated family contribution that is much closer to reality," said John E.
Families should evaluate each option as part of the overall financing solution, and use loans exclusively or in conjunction with one another to cover the Estimated Family Contribution (EFC) required to attend a particular school.
To do this, they rely on the tool's Estimated Family Contribution (EFC) calculator.
CollegeSelect also features an extensive primer on financial aid, and includes a Java-based Estimated Family Contribution calculator - a cyberspace version of the Federal form used to calculate how much financial aid a student is eligible to receive.

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