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Why does the FAFSA ask for income information from the year before I’ll be in school?

April 26, 2017FAFSA income School year

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Why does the FAFSA ask for income information from the year before I’ll be in school?

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A. Studies show that income tax information from the base year (the year before you go to school) is more accurate than projected information to determine your family’s need and calculate your Expected Family Contribution (EFC).