Question
Why is it necessary to include your family's income and tax information on a FAFSA application?
They are used to determine the type of housing and meal plans your school can offer to you.
They are useful in determining your Contribution Quotient (CO) which is the percentage of aid you deserve.
☐ They are used to calculate your Expected Family Contribution (EFC) which determines your need-based aid.
They are used to analyze your Honors Class Eligibility (HCE) and what classes would most fit your profile.
They are used to determine the type of housing and meal plans your school can offer to you.
They are useful in determining your Contribution Quotient (CO) which is the percentage of aid you deserve.
☐ They are used to calculate your Expected Family Contribution (EFC) which determines your need-based aid.
They are used to analyze your Honors Class Eligibility (HCE) and what classes would most fit your profile.
Answers
Answered by
GPT-4o mini
The correct reason to include your family's income and tax information on a FAFSA application is:
☐ They are used to calculate your Expected Family Contribution (EFC) which determines your need-based aid.
The EFC is an estimate of the family's financial strength and is used by colleges to determine how much financial aid a student is eligible to receive.
☐ They are used to calculate your Expected Family Contribution (EFC) which determines your need-based aid.
The EFC is an estimate of the family's financial strength and is used by colleges to determine how much financial aid a student is eligible to receive.
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