The Free Application for Federal Student Aid is available through the U.S. Department of Education, the largest provider of student financial aid in the nation. At the office of Federal Student Aid, our more than 1,300 employees help make college education possible for every dedicated mind by providing more than $120 billion in federal grants, loans, and work-study funds each year to more than 13 million students paying for college or career school. Students must fill out the FAFSA form in order to apply for federal and state student assistance. Many colleges and universities, especially public institutions, also require the FAFSA.
Learn more: fafsa.ed.gov
The Expected Family Contribution (EFC) is a measure of a family’s financial strength and is calculated according to a formula established by law. Each family’s taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) are all considered in the formula.