Business, Legal & Accounting Glossary
FAFSA. A form required by the government for application to any federal education aid program. The Free Application for Federal Student Aid is used to determine the expected family contribution based on family financial information. An expected family contribution is calculated for every student, even if the family is not going to contribute that amount. A FAFSA is used to determine the specific Federal Student Aid programs that can contribute to a student’s total financial aid package and in what proportions. Many universities also use the information provided on the FAFSA to determine other grants and scholarships as well. The Federal Student Aid office is a part of the United States Department of Education.
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This glossary post was last updated: 17th November, 2021 | 0 Views.