Deciphering the Formula Understanding Estimated Family Contribution

The EFC is the amount your family is expected to pay for college for the academic year. It is calculated from the information provided on your Free Application ... EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ... Your Expected Family Contribution is calculated based on your FAFSA information and is used by financial aid offices to determine how much federal financial ... EFC or Expected Family Contribution is the amount of money that a college estimates that your family can afford. This is calculated as part of ... The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by Congress. An Expected Family Contribution index number is produced. This number establishes how much student financial aid you are eligible to receive. The Expected Family Contribution (EFC) is a number that determines a student's eligibility for federal student aid. The EFC formulas use the financial ... An expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of ... Understanding how to pay for college is complicated. How do you know if you could quality for financial aid or have "financial need"? The college financial aid application process is full of confusing acronyms: EFC, FAFSA, IDOC, BFS, NCPS, IRS DRT.