1. What is FAFSA Aid Calculation?

The FAFSA (Free Application for Federal Student Aid) aid calculation determines your eligibility for federal financial assistance for college by comparing your Cost of Attendance (COA) with your Expected Family Contribution (EFC).

2. How Does the Calculator Work?

The calculator uses the basic FAFSA formula:

Where:

• \( COA \) — Total cost of attendance (tuition, fees, room, board, etc.)
• \( EFC \) — Expected family contribution (calculated from FAFSA form)

Explanation: If COA is greater than EFC, you qualify for need-based aid. The greater the difference, the more aid you may receive.

3. Importance of FAFSA Calculation

Details: Understanding this calculation helps students and families plan for college expenses and determine potential eligibility for federal grants, loans, and work-study programs.

4. Using the Calculator

Tips: Enter your school's official COA and your EFC from your FAFSA Student Aid Report (SAR). Both values should be in dollars.

5. Frequently Asked Questions (FAQ)

Q1: What if my aid calculation is negative?
A: A negative result means your EFC exceeds COA, indicating you likely won't qualify for need-based aid (but might still qualify for non-need-based aid).

Q2: Does this guarantee I'll receive this aid amount?
A: No, this is an estimate. Actual aid offers depend on school policies and available funds.

Q3: Where do I find my exact COA?
A: Each college publishes its COA on its financial aid website or in admissions materials.

Q4: What if my EFC seems too high?
A: You can appeal to your school's financial aid office if you have special circumstances not reflected in your FAFSA.

Q5: Does this include merit-based scholarships?
A: No, this calculation only estimates need-based aid. Merit aid would be in addition to this amount.