FAFSA
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| The FAFSA is available on the internet at
www.fafsa.ed.gov/ . It is the
free Federal application that helps the government determine your
eligibility for Federal Aid programs including grants and Federal
Stafford Student Loans. The Colleges code number is 030794.
It is important to file the FAFSA each year.
A Student Aid Report or SAR will be sent to you, and to
the schools that you have indicated. It will also tell you if
corrections or changes need to be made. Call 1-800-4FED-AID
for questions about your FAFSA. Get a PIN to help you access
or correct your information, check your status, and reapply. |
| You should apply as soon as possible after January 31st or by
Feb. 15th if at all possible. You can apply before you have
filed your taxes by estimating them, but you will need to make
changes to ensure that all the information is current and correct
before you can receive a valid EFC number. |
EFC means Expected Family Contribution. This
is a calculated figure that determines eligibility for Federal grants
and Work-study programs and many State Grant programs as well. It
indicates how much money the Department of Education (ED) expects
you or your family to contribute annually to your education in dollars
(an EFC of 7125 estimates that you have $7,125 to spend on education
for the upcoming academic year). Factors, such as family size, number
of family members in college, family savings, and current earnings
(information that you provided on the FAFSA) are used to calculate
this figure.
It is not an accurate prediction that in real life you
have that much extra cash on hand, nor is it an accurate assumption
that you can annually extract this amount from your current
income. |
| The College subtracts the EFC from the Cost
of Attendance to determine your financial need. |
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Cost of Attendance |
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Expected Family Contribution (EFC)
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Financial Need |
| Based on your financial need, a school will
prepare your financial aid package. |
For more information about Federal applications
or Title IV school code search, call 1-800-433-3243 or go to the
government site: www.ed.gov/studentaid
Other Helpful FEDERAL Web Sites:
Request copies of your tax returns: http://www.irs.gov/individuals/article/0,,id=110571,00.html
You may request transcripts by calling 1-800-829-1040, or by
mail using IRS Form 4506. This form may be found
on the web at : http://www.irs.gov/pub/irs-fill/f4506.pdf
Social Security: www.ssa.gov:
Replace, apply for, correct, or make changes.
Selective Service Registration: www.sss.gov:
Register, or make inquiries.
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