Financial Aid: FAFSA
FAFSA-Free Application for Federal Student Aid
The FAFSA (Free Application for Federal Student Aid) is an online application that students must fill out each year to be considered for Federal student aid. The FAFSA can be filled out at studentaid.gov. The FAFSA is available on October 1st of each year.
Students and parents (if applicable) must create an FSA ID (Federal Student Aid ID) to sign the FAFSA. Students and parents can create the FSA ID online at http://studentaid.gov.
The FAFSA calculates the student’s EFC (expected family contribution) number which is used to determine financial need. Financial need is determined by subtracting the student’s EFC by the student’s COA (cost of attendance) at Iowa Central Community College. If the difference between the student’s COA and EFC is a positive number, the student may qualify for need based aid. If the difference between the student’s COA and EFC is a negative number, the student may only qualify for non-need based aid.
Iowa Central Community College determines students with a 0 EFC to be the highest need students.