What is the FAFSA?
FAFSA stands for Free Application for Federal Student Aid. It is the form that colleges and universities will use to determine how much money to offer you for your education based on your expected family contribution. Your family expected contribution is determined after you have submitted your FAFSA. The EFC is calculated based on income, assets, and other household information that you will be asked to provide on the FAFSA. Note this however. Just because you have might have a specific expected family contribution that is determined by FAFSA that doesn't mean a school will completely cover the rest of the costs. Loans and other types of aid may be used to cover it.
Every family is unique, so there may be a particular way that you will have to submit your FAFSA, specifically if your a dependent. (Information below pertaining to complex family situations is from prepscholar.org)
REMEMBER! FAFSA OPENS ON OCTOBER 1ST EVERY YEAR! CHECK YOUR PARTICULAR SCHOOL OF INTEREST TO SEE THERE SPECIFIC DEADLINE FOR THE FAFSA BEING SUBMITTED.
What is the CSS Profile?
The CSS Profile is similar to the FAFSA because your family's income and assets to determine your family's expected contribution. However, while the FAFSA determines the amount of Federal Aid (money from government) you are eligible to receive, the CSS Profile determines the amount of institutional aid you are eligible to receive.
Click on the Link Below to see if your desired institution requires you to submit a CSS profile since not all schools do.
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