Financial Aid

Help people how the understand how the different financial aid calculations work. Explain both the what and how of paying for college.

FAFSA: How to Handle Financial Changes


How do families handle FAFSA changes if their financial situation is different?  Life is constantly changing and current financial circumstances may be different than the tax information reported on the 2020-2021 FAFSA form.  If this is so, follow the below steps to report your current financial circumstance. Here are things you need to review if [...]

FAFSA: How to Handle Financial Changes2019-10-27T13:45:07-05:00

FAFSA Changes


Students and Parents will be completing the FAFSA 2020-2021 form and the application will be available on October 1, 2019.  Families will be using the tax information from the tax year 2018 due to the rule called Prior Prior.   This year there are a few FAFSA changes that people need to review before they begin [...]

FAFSA Changes2019-09-28T10:19:09-05:00

EFC Calculator – Learn how to use an EFC Calculator


Why should a family learn how to use an Expected Family Contribution or EFC Calculator?  Beginning October 1st, the FAFSA form or Free Application for Federal Student Aid will be available for the school year 2020-2021. The Expected Family Contribution or EFC is the amount a college will use in estimating a student’s financial need. [...]

EFC Calculator – Learn how to use an EFC Calculator2019-09-28T08:31:01-05:00

Completing the FAFSA


The fall is here which means it is also FAFSA time for college. Unlike Halloween, this should not be a scary time.  The best tip we can give families is to get organized before you begin this process.  Just relax, PayForED has compiled a list to make filling out the FAFSA easier! Completing the FAFSA [...]

Completing the FAFSA2019-09-28T08:20:46-05:00

EFC Calculation


The financial aid process can be overwhelming and it is important to understand the Expected Family Contribution or EFC. The EFC is generated after completing the FAFSA and it determines your need-based aid. I wanted to explain how the EFC is calculated so that you have a better understanding of your financial aid positioning. [...]

EFC Calculation2019-09-28T08:27:01-05:00

PayForED Top 10 College Affordability List Building Factors


College Affordability has become a vital piece of the college decision for many families.  Finding the right fit college that incorporates all the college-bound student’s key items within an affordable price tag can be a daunting task. With U.S. student loan debt over $1.52 trillion dollars, families continue to face a future of rising college [...]

PayForED Top 10 College Affordability List Building Factors2019-08-26T09:26:03-05:00

College Funding & Student Loan Advisor Training Program has just been Updated!


  PayForED is excited to announce that the  College Funding and Student Loan Advisor training program has been updated and enhanced. New features will include shorter sessions and more case studies.  The CFSLA program is a comprehensive course that provides financial advisors with the knowledge to guide their clients through the entire educational funding journey.  [...]

College Funding & Student Loan Advisor Training Program has just been Updated!2019-07-29T13:56:05-05:00

What is FAFSA?


What is the FAFSA? Many parents of college-bound students feel anxious when completing financial aid forms, specifically the FAFSA.  This is the form families submit to apply for federal financial aid. It is used by the federal government, states, and colleges to award grants, work-study programs, and loans.  Completing the FAFSA forms is required in [...]

What is FAFSA?2019-09-27T19:44:45-05:00



The Department of Education has tried to simplify and improve the customer experience for the Free Application for Federal Student Aid or FAFSA. Each year, the FAFSA needs to be submitted, for a student to receive federal financial aid. The FAFSA for the school year 2019-2020 will be available on October 1st and this year [...]

FAFSA App2019-04-03T13:51:47-05:00

Creating an FSA ID


The FSA ID (or federal student aid ID) is the login and electronic signature process that is used by the Department of Education. It's needed for students, parents, and borrowers to apply for federal student aid, sign their FAFSA and access any federal student aid records online. To sign and access the federal financial aid [...]

Creating an FSA ID2019-08-26T12:31:34-05:00