1. What is FAFSA Aid Calculation?

The FAFSA (Free Application for Federal Student Aid) aid calculation determines how much financial assistance a student may receive for college. The basic formula subtracts the Expected Family Contribution (EFC) from the Cost of Attendance (COA).

2. How Does the Calculator Work?

The calculator uses the FAFSA aid formula:

Where:

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

Explanation: This represents the maximum amount of need-based aid a student may qualify for. Actual aid may include grants, work-study, and loans.

3. Importance of Aid Calculation

Details: Understanding potential aid helps families plan for college costs and compare financial aid offers from different schools.

4. Using the Calculator

Tips: Enter COA (from your college's financial aid office) and EFC (from your FAFSA submission). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Is this the exact aid I'll receive?
A: This is an estimate. Actual aid packages vary by school and may include non-need-based aid.

Q2: What if my aid is less than the calculated amount?
A: Some schools may not meet full demonstrated need, or may include loans in the package.

Q3: How is EFC calculated?
A: EFC considers family income, assets, household size, and number in college using a federal formula.

Q4: Does this include merit-based scholarships?
A: No, this calculation only estimates need-based aid. Merit aid would be in addition to this amount.

Q5: Can aid exceed COA?
A: No, total financial aid cannot exceed the school's COA.