FAFSA

(redirected from Estimated Family Contribution)

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.
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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.
The minimum input data elements from the ED template that must be included in any alternative solution are those that approximate the student's Estimated Family Contribution (EFC), such as income, number in family, and dependency status or factors that estimate dependency status.
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.
At IHEs where students participate in co-op programs, the new law excludes any income earned from work in these programs when calculating the estimated family contribution (EFC).
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.

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