When students complete a FAFSA, they are required to name and submit their form to at least one college. This may seem obvious, but so many students struggle with knowing where they will apply, especially right at the time when the FAFSA becomes available (October 1st, in case you were still wondering). In a desperate ...
A family’s income plays a large part in the financial aid process, and most importantly, when determining a student’s EFC (Expected Family Contribution). For most colleges and universities, this is first determined by submitting a FAFSA with your latest taxes and incomes.
Many people do not pay attention to these codes, or even know what they are. However, knowing college filing codes can be extremely important and could make all the difference between receiving a financial aid award package from a college, and receiving no awards at all.
You are not alone if you’re confused by what financial aid paperwork to submit for the current ‘aid year’. The good news is, this system was set up to actually help families complete the financial aid process more efficiently. Feeling better yet?