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ALPHABET SOUP of Financial Aid

September 1, 2018Leave a commentCollegeBy Joe Teske
Alphabet Soup of FInancial Aid
1)You can’t get financial aid unless you apply, so fill out the FAFSA– Free Application for Federal Student Aid.  
2) This FAFSA form will give you your EFC – Expected Family Contribution. This is the amount the federal government determines you and your family are able to pay for the upcoming year of college, based on factors you provide.
3) Financial need is determined by the colleges you are looking at. They use the college COA – COST of Attendance and subtract your EFC. This does NOT mean the school will provide the rest of that amount. Any unmet need, you will still have to find a way to pay for this in scholarships or loans

So be prepared to pay your EFC ( though this number can be varied) and pay any unmet need.

FAFSA – Free Application for Federal Student Aid

COA- Cost of Attendance

EFC- Expected Family Contribution

At RELIANT COLLEGE PLANNING SOLUTIONS, we can help you calculate your EFC, fill out your FAFSA, and know true COA fro your colleges.  Call us today 714-988-7283 or email: admin@reliantcps.com to book a personal consultation or workshop.

 

About the author

Reliant College Planning Solutions (ReliantCPS)

Reliant College Planning Solutions Representatives have been helping families save tens of thousands of dollars, time and stress on college planning for years. They have the expertise to provide step-by-step support for the college-bound family. They enjoy helping the college students find a fulfilling career and minimize the financial burden on both student and parents.

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