Why Is My EFC So High This Year? If your family has accumulated wealth and investments, your EFC can be high, even if your family’s income is low. This includes checking and savings accounts, bonds and stocks, and even the student’s 529 College Savings Plan. Some kinds of financial assets do not count toward your
Is Applying For FAFSA Mandatory? Is the FAFSA Required? The FAFSA is required for any student to be eligible for federal student loans or grants to pay for college, for federal work-study and often to qualify for other forms of state and institutional scholarships. Who should fill out FAFSA student or parent? “The student should
What Is Considered A High EFC? Any person with an EFC number at 0 will receive the maximum amount of student aid, while a number over 5273 will result in no aid at all. … However, if your family receives a low EFC number that is still higher than what is affordable, it is not
Can You Get Financial Aid And A Student Loan At The Same Time? Can you get financial aid and a student loan at the same time? If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back
What Does Financial Aid Mean In College? What does financial aid mean in college? Financial aid is money to help pay for college or career school. Grants, work-study, loans, and scholarships help make college or career school affordable. A variety of financial aid sources are available to help you pay for college or career school.
What Is The Process For Applying For Financial Aid? Get Prepared. Gather the documents you’ll need. Complete FAFSA® Form. Apply early to maximize your aid. Review Student Aid Report. Make corrections, if necessary. Respond to Aid Offer. Accept the aid you want. Receive Aid. Get your aid from your school. Renew Your FAFSA® Form. Reapply