Preparing for the Free Application For Student Aid (FAFSA)

Life Prep Coach

FAFSA college tuition, college fees

Preparing for the Free Application For Student Aid (FAFSA)

Some years ago, the Federal Government put together a process to try to level the tuition playing field for families of differing incomes and assets. They devised a Worksheet for the student/parent to complete and thus determine what the family, in theory, should afford in putting a student through college. It’s this thing called the Free Application for Student Aid or FAFSA form. Parents and students divulge their income and resources and the government calculates some number called the Effective Family Contribution or EFC. The number goes to all the schools that you list on the form. The schools use the EFC number and their “List Price’ and their own financial aid formula to determine how much if any they might be willing to give you in the form of Student Aid. So, they usually send you an offer in the…

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