What financial information do I need for college?

To determine your financial need for government aid, such as federal Pell grants and Stafford loans, colleges use a figure called your Expected Family Contribution (EFC), or EFC. Your EFC is the amount of money the government figures you and your family can afford to pay for college.

What are seven 7 things you need when you apply to college?

Here are seven key factors to keep in mind when choosing where to apply:

  • Academics. First and foremost, you are going to college to pursue an education. …
  • Affordability. …
  • Location. …
  • Size. …
  • Housing. …
  • Athletics. …
  • Campus Life.

What documents do I need for fafsa 2021?

Information you’ll need to fill out the FAFSA:

Your social security number and driver’s license, and/or alien registration number if you are not a U.S. citizen. Your federal income tax returns, W-2s, and other records of money earned. Your parents income tax returns, W-2 forms and 1040 forms if you’re a dependent.

What are the 3 types of financial aid?

For federal financial aid, there are three types of funds: loans, grants and work-study. Federal student loans.

What you need to know before applying for college?

9 Things You Should Research Before Applying

  • 1) Availability of your College Major. …
  • 2) Availability of Professors Teaching the Course. …
  • 3) Student/Faculty Ratio. …
  • 4) Percentage of Students Who Graduate in 4 Years. …
  • 5) Quality of the Career Placement Department. …
  • 6) The Total Cost of College – Know it or be prepared to overpay.
IT IS INTERESTING:  Quick Answer: Is Columbia College a private school?

What is the income limit for FAFSA 2020?

Currently, the FAFSA protects dependent student income up to $6,660. For parents, the allowance depends on the number of people in the household and the number of students in college. For 2019-2020, the income protection allowance for a married couple with two children in college is $25,400.

Can I use FAFSA money for a laptop?

Financial aid helps students cover tuition, room and board, travel expenses to the school, textbooks, school supplies, and even laptops. That’s right! You can actually use your financial aid to buy a laptop if it’s something you need for school.

What are the 4 main sources of financial aid?

Financial aid can come from federal, state, school, and private sources to help you pay for college or career school. Besides financial aid, you should also think about what you can do to lower your costs when you go to college.

Do you pay back FAFSA?

Students have to pay back financial aid if it is in the form of a loan, but they do not have to pay back grants, scholarships or money awarded through a work-study program. Students eligible for grants or scholarships should exhaust those options before taking out any loans, experts say.