How to Estimate on FAFSA
FAFSA or "Free Application for Federal Student Aid" is a type of federal student aid given to college students by the United States government. When you apply for FAFSA, you are asked to provide the income of your family for a particular year. If the year is not over yet, you can estimate the amount of money you make by using a specialized calculator. Does this Spark an idea?
Instructions
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Open your Web browser and visit the page of an Estimated Family Contribution calculator, like the one on FinAid.org or the one on CollegeAnswer.com.
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Fill out the form on the screen by providing the requested information. For example, you will have to provide an estimate of the income of your parents, the age of your parents, the number of siblings you have in college, your income and your status as a dependent (either dependent or independent based on whether or not your parents are providing for you).
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Click "Calculate." The form will take into consideration all of the information you have provided and estimate the EFC (estimated family contribution) that your family will have to pay for your tuition after financial aid from FAFSA has been taken into account.
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