<p>I recently realized that I was eligible to complete a simplified EFC formula for the FAFSA, which would guarantee 0 EFC (while the EFC I have now is very low, it is not 0 and I believe this is a likely a requirement at the University of Georgia for a Perkins loan or FESOG grant, both of which would be extremely helpful). I had 2 questions:</p>
<ol>
<li>If I make a change to the FAFSA, how long is it before Universities will usually change the EFC that they recognize?</li>
<li>Given it is the new year, should I modify the old 2011-2012 FAFSA (where a change would be immediately applicable; early request for submission date is in February-March IIRC), or just submit a 2012-2013 FAFSA? It depends on what would make the change the fastest (and recognized by the financial aid office for support).</li>
</ol>
It depends on your schools’ FAO. Some is very fast and some is taking forever</p>
<p>
The deadline for 2011-2012 FAFSA was June 30, 2012 (I’m not 100% sure, but it was passed.)
The deadline for 2012-2013 FAFSA was June 30, 2013
The deadline for 2013-2014 FAFSA was June 30, 2014</p>
<p>However, Perkins loan or FESOG will be gone rather quickly. That’s why you want to file your FAFSA sooner that later.</p>
<p>If you are making a change to your 2013-14 FAFSA now, I doubt very much that the school has imported any FAFSAs - the demo for testing purposes was just made live. Most likely, your original and corrected FAFSAs are still waiting to be loaded into your school’s computer … and the latest transaction is what will be used. In other words, if this is for next year, your school will be using your corrected EFC from the git-go.</p>
<p>Thank you, 4kidsdad and kelsmom! I’m very grateful for this input. To follow up kelsmom, this would be to address this year also, but given that Perkins and FESOG have to be gone already, I presume there’s not much to gain then.</p>