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Could you send this poster the worksheet with an explanation?
is it that you're expected to pay $48,000 a year or $48,000 as your contribution over the course of college?
but is the EFC for ALL FOUR YEARS OF SCHOOL or only for that year? In other words, if you fill out FAFSA and have an EFC of $48,000 -- is it that you're expected to pay $48,000 a year or $48,000 as your contribution over the course of college?
07-14-2018 at 3:01 pm in Financial Aid & Scholarships
DS heading to college this fall. We filled out the FAFSA last year. This year, we know he's going to a state school where he gets a tuition waiver from DH being faculty. He has a merit scholarship applied toward some room and board (not based on income/finances). So here's what we will pay each semester: room and board, fees, books, and supplies. I have a 529 fund I will use to cover these expenses, and I have saved enough to cover all four years of undergrad. I just saw the bill for fall, and I am certain we've got what we need in the 529. We don't have any loans we'll be taking out. We declined the federal Stafford loan. So my question is -- do I need to fill out the FAFSA every year if I know I don't need financial aid or loans? Is it just a prerequisite no matter what? Pros/cons to filling it out? It was tedious and hideous to fill out last time, so if I can avoid that headache, I'd like to. Also -- do you have to fill out the FAFSA for each child in college or do you fill it out just once? Thanks for any insight