revatio vs viagra // January is here and many families are preparing to complete their college financial aid forms. Completing the Free Application for Federal Aid or FAFSA is required for families so that they can get their Expected Family Contribution or EFC. The EFC number is generated after inputting your personal financial information and is necessary for families to get any federal or state financial aid. This includes both loans and grants.
- Personal information including student and parents full name, birthdays and social security numbers
- Most recent tax form for both parent and student (if applicable)
- Current balance of savings and investment accounts
- 2014 year-end paystub
Why should every family submit a FAFSA? We encourage our clients to submit a FAFSA form. The submission of the FAFSA form will allow a family to be eligible for the Unsubsidized Stafford loan. The unsubsidized Stafford loan is not based on need and is available to families who submit a FAFSA form. Having this loan option available is important for several reasons:
- Changes can occur in a family’s financial situation due to the loss of a job or death
- Debt of the loan is in the student’s name
- Better student loan repayment options fall under the student’s name
- Federal Student loans have limits per year that are not carried forward
If you are having difficulty with the detailed financial information needed for the FAFSA application there are a lot of helpful, free information available to aid in this calculation. The Department of Education provides the expected family contribution through two methods. The actual FAFSA process gives the family their EFC number after completing the form and the government has a FAFSA4caster which is an estimate of your EFC number. Families can also go to the College Affordability’s website resource section where there are many useful videos that explain the college financial process.
College Affordability has also just released a new software product for families called sildenafil 20 mg tablet EFC PLUS. This software will help families with the FAFSA application as well as give families an informative four-year estimated college debt analysis.
Remember that simple errors in the FAFSA application can delay a student’s financial aid application so double-check your work. Check your name, address and social security and make sure you haven’t transposed any numbers before your final submission. Good luck and remember to get your FAFSA application in on a timely manner.