SPRING CHECKLIST-Financial Aid
April & May
FAFSA: Free Application for Federal Student Aid. Students and parents will input financial information into an application that uses the info to determine their EFC. The EFC is sent to the colleges that a student listed onto their application. The colleges will then provide them with a financial aid award letter.
EFC: Expected Family Contribution. A number determined by a family's household size, family income and other factors in the FAFSA application. A family isn't required to pay this amount, but it help colleges determine what to include on he financial aid award letter.
College Portal: Most colleges have a portal where you can view financial aid award letters, requirements, pay your tuition, add/drop college courses, check your email and do a variety of essential tasks. It's extremely important to get familiar with the portal since you'll use it constantly in college!
Financial Aid Award Letter: Once you complete FAFSA and satisfy any additional requirements (check your college portal) that the college might ask for, you'll receive a financial aid award letter in either the mail, but always on your college portal. The award letter could include the following types of aid: