FAFSA estimates for ED financial aid

bluebayou
Sun, 28 Jan 2007 23:47:23 +0000

yes, they will continue to update your Finaid situation as long as it changes. If you will have exact numbers for the 1040 shortly, I’d suggest you wait on filing the fafsa. You can file the preliminary estimate, but you’ll have to amend it later. More importantly, your actual finaid will be based on the FINAL fafsa and tax returns, not the preliminary estimates.

btw: as a general rule, efc increases about $0.50 for every additional dollar earned. But, income taxes paid also impacts the efc.