If you’re a student like me, you’re in the midst (hopefully) of filing your FAFSA, the Free Application for Federal Student Aid. I don’t know personally if I’ll take out any loans, since I attend a dirt-cheap community college ADN program – I’m thinking probably not. But, it might be fun to find out what’s out there, and see what the options are.
Students should file their FAFSA ASAP (how’s that for consecutive acronyms) in order to avoid missing out on aid deadlines. Additionally, some schools require you to file a FAFSA to be considered for scholarships, even if you don’t take grants, loans, work-study or other aid.
Lastly – ever wondered how the EFC (Expected Family Contribution) is calculated? Well, here’s all the detail you could ever want: