1. What is FAFSA Aid Calculation?

The FAFSA (Free Application for Federal Student Aid) aid calculation determines a student's eligibility for financial assistance by comparing the cost of attendance (COA) at an institution with the expected family contribution (EFC).

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 from FAFSA results
• \( Aid \) — Maximum potential financial aid eligibility

Explanation: The formula shows the gap between what college costs and what your family can pay, determining how much aid you might qualify for.

3. Importance of FAFSA Calculation

Details: Understanding your potential aid helps in college planning and financial decision-making. It shows what portion of costs might be covered by grants, loans, or work-study.

4. Using the Calculator

Tips: Enter accurate COA from your college's financial aid office and your official 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 shows maximum eligibility. Actual aid depends on available funds and may include grants, loans, and work-study.

Q2: What if my aid is negative?
A: The calculator shows $0 in this case, as you can't receive negative aid. Your EFC exceeds COA.

Q3: Does this include all college costs?
A: Only if your COA includes everything (tuition, fees, room, board, books, transportation, etc.).

Q4: How accurate is the EFC?
A: The official EFC comes from your processed FAFSA. This calculator uses whatever EFC you input.

Q5: Can I get more aid than this calculation?
A: Possibly, through scholarships, private loans, or if your circumstances change (appeal process).