Filing the FAFSA can be a confusing process, but never fear! Our college financial expert, Frank Palmasani, has the answers to your most pressing questions.
What is the FAFSA and what does it do?
The FAFSA is the official document used by the federal government to calculate your Expected Family Contribution (EFC). This EFC number is used by colleges to determine your eligibility for all need-based programs, such as federal grants, work-study employment, and student loans. It is also used by many state agencies to calculate your eligibility for state grants and by colleges to calculate your eligibility for college need-based grants.
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