I wanted to know how you decide how much financial aid I get
The colleges or career schools you list on your Free Application for Federal Student Aid form will use several pieces of information to calculate your aid
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like what is a simple way you could explain it to me?
Need-based aid is calculated by taking the Cost of Attendance COA  and the Expected Family Contribution EFC and finding your Financial Need
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and what can you tell me about non-need based aid?
Your school will determine that by using another formula.
Would you like an example?
no, I want to ask something else
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do they use something else besides the formulas to see if I need aid?
Your college or career school first determines whether you have financial need by using that simple formula
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what is the EFC about?
The EFC is an index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The information you report on your FAFSA form is used to calculate your Expected Family Contribution.
