Definitions for "Federal Processor"
Keywords:  fafsa, sar, submits, processor, aid
Submenu The Federal Processor is the U.S. Department of Education's agent that processes the information submitted on the Free Application for Federal Student Aid to compute eligibility for federal student aid.
The federal government's computer system that analyses the information on your FAFSA, calculates how much you and your family could pay toward college, and sends out the Student Aid Report; also called central processing service.
The organization that processes the information submitted on the Free Application for Federal Student Aid (FAFSA) and uses it to compute eligibility for federal student aid. There are two federal processors serving specific geographic regions. Federal Work-Study (FWS) Program providing students with part-time employment during the school year. Eligibility for FWS is based on need. Money earned from a FWS job is not counted as income for the subsequent year's need analysis process.