Which one of the following statements is wrong? A student must submit a FAFSA (F

Question

Which one of the following statements is wrong?    

       A student must submit a FAFSA (Free Application for Federal Student Aid) form to be
eligible to receive federal financial aid.
       The four repayment plans for a Stafford loan are: standard repayment, extended repayment,
graduated repayment, and income based repayment.
       Factors used in calculation the EFC include taxable and nontaxable income, assets,
retirement funds, and benefits, such as unemployment and Social Security.
       PLUS (Parent Loan for Undergraduate Students) loans are for parents to borrow to help pay
for a dependent's undergraduate education expenses, and are based on financial need.

Explanation / Answer

Option C is wrong.

Expected family contribution depends upon :

It does not include retirement fund and social security benefits. Therefore, this statement is not correct.

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