US Dept. of Education - Financial Aid Customer FAQ
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Application Process
How do I apply for financial aid?
To apply for financial aid, you need to complete the Free Application for Federal Student Aid (FAFSA) form online. The FAFSA form is...
EFC
What is the Expected Family Contribution (EFC)?
The Expected Family Contribution (EFC) is a critical factor in determining a student's eligibility for financial aid. It is a measure
The calculation is done using a standardized formula known as the federal methodology. It considers both parental and student income and assets to derive a number that represents the family's ability to pay for college. This figure is then used to determine the student's eligibility for need-based financial aid programs including grants, scholarships, work-study, and low-interest loans.
Ultimately, the EFC helps colleges and universities determine the amount of financial aid a student requires to afford their education and create a fair and balanced distribution of funds....
Subsidized vs Unsubsidized
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