Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Using the Secondary EFC

AwardYear: 1994-1995
Edition: PostSecondary
Part: 2 - - The Application Process for Financial Aid
SectionTitle: Using the Secondary EFC

PageNumbers: 50

If the student qualifies for the SIMPLIFIED NEEDS TEST, the CPS
will calculate an EFC based on a "SIMPLIFIED" FORMULA,
which does not use assets or certain offsets. If a student who
qualifies for the simplified needs test fills out the supplemental data
on the application, two EFCs (a primary EFC and a secondary EFC)
will be printed on the SAR.

The simplified formula EFC is the primary EFC, and will be printed
on the front of Parts 1 and 2 of the SAR. Both the primary EFC and
the secondary EFC (calculated by including the supplemental data)
will be printed at the top of the "School Use Only" boxes.

[[The illustrations on page 50 are currently unavailable for viewing.
Please reference your paper document for additional information.]]

If either formula results in an eligible EFC, the student will receive
the full 3-part SAR that includes the Payment Voucher (Part 3). To
use the secondary EFC in determining the student's Federal Pell
Grant award, simply mark "Secondary" in Item 10 of the Payment
Voucher. (Don't fill in the actual number.)

The need to use the Secondary EFC should be very rare in 1994-95.
Such a change can only be made on the Payment Voucher (Part 3)
or through EDE. Any other changes must be requested on a
Correction FAFSA or Part 2 of the SAR, to generate a valid
Payment Voucher.

Last Modified: 02/19/1998