|Free Application for Federal Student Aid (FAFSA)
||This is the application for Federal student financial aid. This includes grants, loans, and work study. Many
colleges and states also require the FAFSA for non-Federal financial aid applications.
|Expected Family Contribution (EFC)
||This is the amount the Federal government expects the student and his or her family to contribute to the
cost of attendance. It is based on the family’s income and assets as reported in the FAFSA.
|Student Aid Report (SAR)
||This is used by many colleges to determine eligibility for financial aid. It includes your Expected Family
Contribution (EFC), based on information provided in your FAFSA. You will generally receive your SAR by
email about 3-5 days after submitting the FAFSA, or in the mail if you did not provide an email address.
|CSS/Financial Aid PROFILE
||This is used by many colleges in order to determine eligibility for Non-federal financial aid.
|Master Promissory Note (MPN)
||This serves as your contract with the federal government for an education loan.