==== terminology ==== * FAFSA - the Free Application for Federal Student Aid * EFC - Expected Family Contribution * COA - Cost of Attendance ==== FAFSA ==== * Managed by US DoE. ==== useful links I came across ==== * https://studentaid.gov/complete-aid-process/how-calculated * short and to the point * https://www.thebalancemoney.com/will-529-plan-hurt-your-financial-aid-chances-4151976 - Will a 529 Plan Hurt My Child's Chance for Financial Aid? * https://www.thebalancemoney.com/how-529s-affect-scholarships-and-vice-versa-4153510 - How 529s Affect Scholarships (and Vice Versa) * https://finaid.org/calculators/finaidestimate/ - Expected Family Contribution (EFC) Calculator ==== notes ==== * COA – EFC = Financial need * Example: If COA is \$30k and EFC is \$12k, financial need will be \$18k. * Cost of Attendance (COA) – Student Aid Index (SAI) = Financial Need * You can’t receive more need-based aid than the amount of your financial need.