How are the FAFSA, SAR, and EFC related?

The FAFSA is what you fill out to apply for financial aid. The SAR is a record of what you submitted in your FAFSA. The EFC is how much a college expects you and your family to contribute to your cost of college.

You first fill out the FAFSA for financial aid and get your EFC immediately after submitting it. A few weeks later, you get your SAR to see what financial aid a college is offering you.

You fill out the SAR first to let the Federal government know you intend to submit the FAFSA. After filing the FAFSA, you receive your EFC form in the mail.

The SAR is a record of what you submitted in your EFC form. The final step is to fill out your FAFSA to apply for financial aid.

The correct answer is letter "A": The FAFSA is what you fill out to apply for financial aid. The SAR is a record of what you submitted in your FAFSA. The EFC is how much a college expects you and your family to contribute to your cost of college.

Explanation:

The Free Application for Federal Student Aid (FAFSA) is a form filled by future and current university students who would like to obtain financial aid for their studies. The form is submitted to the Scholars at Risk (SAR) Network who are in charge of evaluating the information and determine what the Expected Family Contribution (EFC) will be. The EFC represents the amount that the students' family or the students themselves will have to pay from their pockets.