The FAFSA Explained - Goodwin College


Home Financial Aid Explained Reducing Education Costs Financial Aid Tips FAFSA Explained Parent PLUS Loan Federal Family Education Loan Contact Us One Riverside Drive East Hartford, CT 06118 Tel 860.528.4111 Toll Free 800.889.3282	Home Admissions Admissions Home Financial Aid Apply Online Academics Academic Calendars Registrar General Education Requirements Majors Course Descriptions Undergraduate Catalogs Academic Policies Academic Advising & Counseling Forms Distance Learning Continuing Education - ESL Contact Us Library Online Catalog & Databases Hours VPN Connection Contact Us Giving Donor Welcome Give Online Employee Giving Alumni and Student Giving Community Giving Leadership Giving Grants Sponsorship Take Your Seat About Goodwin College Foundation Our Donors Contact Us Administration Office of the President Board of Trustees Presidents Cabinet President's Advisory Council College Relations and Advancement Institutional Effectiveness Departmental Contacts Human Resources News
	The FAFSA Explained If you have thought at all about getting help to finance your education—and more than 88% of Goodwin students do—the Free Application for Federal Student Aid (FAFSA) is the very first application you should submit. The FAFSA is a “need analysis” form you fill out so that the Department of Education can determine your eligibility for financial aid, and the amount. Goodwin, like many colleges and universities, also uses FAFSA information when considering student eligibility for school-based loans and certain grants and scholarships. What does the FAFSA want to know? The FAFSA collects information about you and your family, including: Your income Your available assets (not including retirement and 401K) The number of family members The number of family members in or planning to go to college The kind and level of debt you have It then uses a congressionally standardized formula to calculate your Expected Family Contribution (EFC) and determine the amount of financial assistance you and/or your family need. There are no questions related to race, ethnicity, or religion. What is my “Expected Family Contribution (EFC)”? Your EFC is the amount that you and/or your parents are expected by the government to contribute toward your education. How and when should I submit my FAFSA? The FAFSA application is fast, easy, and can be done online at www.FAFSA.ed.gov. Please be sure to enter the Goodwin College school code 015833. By using this code, your information is electronically submitted to the College. Act quickly! Goodwin’s Financial Aid Office makes awards on a first-come, first-served basis. We encourage you to submit your FAFSA application as soon as possible. Within 72 hours, the College will receive all of the information necessary to tailor a financial aid package to meet your needs. It is important to include Goodwin’s school code on the FAFSA. The code is: 015833. Visit FAFSA’s Website The process has been made even easier and you can learn more as you go. There is even a handy forecasting tool (www.FAFSA4caster) to give an early estimate of the amount of aid you’re eligible for, enabling you to plan further ahead. To learn more about financial aid in general, visit our What Is Financial Aid? page. For more FAFSA information and assistance, visit or contact our Financial Aid Office at 860-727-6723.