Table of Contents
terminology
FAFSA
useful links I came across
notes
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.