Financial Aid Calculator
Estimate your Expected Family Contribution (EFC) and potential financial aid eligibility. Get insights to help plan for college costs and understand your FAFSA results.
Calculate Your EFC
Include all household income before taxes
Savings, investments, real estate (not primary home)
Disclaimer
This calculator provides estimates only. Actual financial aid calculations are more complex and consider many additional factors. Always complete the FAFSA for official aid determination.
Understanding Financial Aid
FAFSA Essentials
When to Apply
The FAFSA opens October 1st each year. Apply as early as possible for the best aid opportunities.
- • Priority deadlines are often in February or March
- • Some aid is awarded on a first-come, first-served basis
- • You can estimate income if taxes aren't filed yet
Required Documents
- • Tax returns (or tax transcripts)
- • W-2 forms and other earnings records
- • Bank statements and investment records
- • Social Security card and driver's license
- • Alien Registration Number (if applicable)
CSS Profile
Some private colleges require the CSS Profile in addition to FAFSA. This form collects more detailed financial information and often considers home equity.
Types of Financial Aid
Grants (Free Money)
- • Pell Grants (federal, need-based)
- • State grants and scholarships
- • Institutional grants from colleges
- • Private foundation grants
Work-Study
Federal program providing part-time jobs for students with financial need, allowing you to earn money for college expenses.
Student Loans
- • Federal Direct Loans (subsidized/unsubsidized)
- • Parent PLUS Loans
- • Private student loans
- • State-sponsored loan programs
Merit Scholarships
Awards based on academic achievement, talents, or other criteria. These don't depend on financial need and can significantly reduce college costs.
Financial Aid Tips
Start Early
Begin researching aid options in junior year of high school. Many scholarships have early deadlines.
Apply Everywhere
Cast a wide net when applying for aid. Apply to multiple schools and scholarship opportunities.
Meet Deadlines
Missing deadlines can cost thousands in aid. Create a calendar with all important dates.