After the FAFSA
After the FAFSA has been filed, students should review their Student Aid Report (SAR) to make sure all the information submitted on the FAFSA was correct and check for any messages sent from the FAFSA processor. If an error was made, a student should log into their FAFSA and make any needed corrections, then submit the changes to the FAFSA processor. The FAFSA processor may select students for Federal FAFSA Verification, which means students and/or parents must submit additional information to the Financial Aid Office in order to receive financial aid. Learn more about Federal FAFSA Verification at Catawba College.
After the FAFSA has been submitted, the FAFSA processor will assign a student with an Estimated Family Contribution (EFC) number based on all the questions answered on the FAFSA. The EFC is not the amount a student will have to pay to attend college, but the number used to determine what financial aid a student is eligible for.
After the FAFSA, the Financial Aid Office also uses the EFC to help determine how much need-based financial aid a student can receive. Financial Need is determined by taking the Cost of Attendance (Financial Aid Budget) and subtracting the EFC number.
Cost of Attendance – EFC = Financial Need
Students may only receive scholarships, grants, Federal Work-study, and Federal Direct Subsidized Student Loans up to a student’s Financial Need number. Then the Financial Aid Office may award a Federal Direct Unsubsidized Student Loan if the student is eligible to help cover a student’s out of pocket cost to attend Catawba College.
Learn more about the full Cost of Attendance at Catawba College.
Once an admitted student’s FAFSA has been received and processed, the Financial Aid Office will put together a Financial Aid Award Letter. The Financial Aid Award Letter will include all financial aid a student is eligible for from Catawba College in addition to any scholarships, grants, work-study, and loans from the Federal and State Governments based on a student’s EFC. Learn more about the Financial Aid Award Letter for new and returning students.
In order to remain eligible for all the financial aid awarded to you after the FAFSA, students must be aware of some Financial Aid Policies. Learn more about Financial Aid Policies.