First, it's a Campus-Based Program
The first function of the FASFA is so the U.S. Department of Education can calculate the scholar's Expected Family Contribution (EFC). The EFC helps decide eligibility for a spread of authorities applications past Perkins, Stafford and Parent PLUS loans, corresponding to Federal Supplemental Educational Opportunity Grants and Federal Work Study positions. Once the FASFA has been processed, the applicant receives a Student Aid Report and the institution to which they're making use of will receive an Institutional Student Information Record that features the EFC info. Because colleges have a finite quantity of Perkins funding and it's distributed on a primary-come, first-served basis, the applying process must be accomplished as early as doable. Now that you're aware of the application process, let's discover what occurs if you happen to qualify. In 1957, Russia scored the primary victory in the space race with the launch of Sputnik I, and the political and scientific