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What is FAFSA exactly?

April 26, 2017FAFSA

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What is FAFSA exactly?

1 Answer

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10 Posted

FAFSA stands for Free Application for Federal Student Aid and is a federal government form used to calculate a student’s financial need. The Department of Education (DOE) uses data provided on the FAFSA to calculate a student’s Expected Family Contribution (EFC). By subtracting the EFC from the cost of attendance, NLU will determine the financial aid need. We recommend that students complete the FAFSA even if they don’t think they would qualify for financial aid. Loans like the Unsubsidized Stafford Loan and PLUS Loan are not need-based, but they do require a FAFSA application. Further information on EFC calculation can be found here.