2018-2019 FAFSA Formula is Here

Are you looking for the FAFSA EFC Formula Guide for 2019-2020? If so, go here

Wondering about income and asset protection allowances for the coming FAFSA? The FAFSA EFC Formula Guide for 2018-2019 is available here.

Unlike the past few years, the changes this year are pretty modest. The income and asset protection allowance for parents went up nominally. For example, the income protection allowance for a family of 4 with 2 college students is $25,040 for 2018-2019 vs $24,480 last year; the student income protection allowance went up to $6,570. The asset protection allowance for a 2-parent household in which the older parent is 50 increased to $22,300, from $21,200.

More important than the allowance numbers, though, is understanding how the formula works. The biggest component of the formula is parents’ income. If you have a high income, you must save for college, because there is no way that most of us could come up with our EFC from cash flow alone.

2 thoughts on “2018-2019 FAFSA Formula is Here

    1. I’m not seeing any allowance numbers that are lower in the 2018-2019 FAFSA vs 2017-2018, so it looks to me like they all went up, not down. For example, $25,040 (2018-2019 income protection allowance for family demographics cited) is $560 more than $24,480 (for 2017-2018). Perhaps we’re both meaning the same thing but saying it different ways?

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