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EFC and FAFSA might seem confusing, but these simple-enough terms will help you figure out how much need-based financial aid you could receive for college — all you’ll need is some middle ...
There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA. Recipients of need-based financial aid must reapply for each year by completing a new FAFSA. The term and concept of Expected Family Contribution was replaced by the term Student Aid Index (SAI) in 2024. [2]
The problem involves tax data transferred from the Internal Revenue Service and impacts “fewer than 20%” – or potentially about 1 million – of the FAFSA (Free Application for Federal ...
The announcement is yet another obstacle for students during what has been a turbulent rollout in the overhaul of the Free Application for Federal Student Aid, or FAFSA. Since the new form was ...
The problem emerged after a congressional mandate in 2020 to simplify the FAFSA form. The department estimates that with the new fix, students will have access to an additional $1.8 billion in ...
The original FAFSA form had 108 questions, which was a significant barrier for many low-income families seeking financial aid. [22] The questions were broadly seen as excessively detailed and unnecessarily complicated, with students being required to dedicate several hours to completing their application.
A simplified form was released on December 31, 2023—nearly two months later than FAFSA's usual release. Notably, the Education Department didn't extend the deadline for completing the form.
The Free Application for Federal Student Aid, commonly known as the FAFSA, is a form that determines student aid eligibility for federal student loans and grants.