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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]
Using the information submitted on the FAFSA, the U.S. Department of Education calculates a figure called the Expected Family Contribution (EFC). If the EFC is less than the cost of attending a college, the student has a financial need (as the term is used in the U.S. financial aid system).
Your Expected Family Contribution (EFC) is pumped out automatically by your Free Application for Federal Student Aid (FAFSA). EFC and FAFSA Problems: When Your Parents Can’t Help Pay for College ...
Millions of high school students apply to college each year, with approximately 4.23 million in the high school graduating age group in 2018–19 and an estimated 3.68 million high school graduates (3.33 million and 0.35 million coming from public and private schools respectively). [4]
To apply for a scholarship, you need to fill out the Free Application for Federal Student Aid (FAFSA) or the Expected Family Contribution Calculator — then email those results to your college ...
Male students between the ages of 18 and 25 were generally required be registered with the Selective Service System (for Conscription in the United States), but the FAFSA Simplification Act removed this requirement starting with the 2021–2022 school year. [5] The FAFSA Simplification Act was a part of the Consolidated Appropriations Act, 2021.
Maximum amount (2024-25) Who is eligible? Pell Grant. $7,395 per year. Undergraduate students with financial need, some postbaccalaureate teacher certification students