Before you are able qualify for any type of federal student aid, albeit federal student loans, federal education grants, or any other type of federal educational assistance, you must be able to satisfy the federal student aid eligibility requirements. These requirements are fairly simple to understand, and remain consistent for all types of federal student [...]

The expected family contribution, or EFC, is the prime indicator that the Department of Education uses to measure your level of financial need. By subtracting your EFC from your cost of attendance, your level of need is determined and utilized to evaluate your ability to qualify for certain type of federal student aid, such as [...]