Decoding the Estimated Family Contribution Your Guide to College Financing

If your EFC is greater than the cost of attendance, there's a very slim chance you will receive any financial aid. The only option for you, then, would be to ... FAFSA EFC simply stands for Expected Family Contribution. Let's go through a quick process of how you get around to figuring out or receiving your EFC amount. Your aid is determined by comparing your Expected Family Contribution with Expected Family Contribution (EFC)/Student Aid Index (SAI) and Emory's estimated Cost ... SAI is the number calculated, with information from the FAFSA, to determine a student's eligibility for college financial aid. The SAI is used by the school you attend (or plan to attend) to determine your need. The school will take the total cost of attendance, subtract ... The federal EFC that a family receives from submitting the Free Application for Federal Student Aid – commonly known as the FAFSA – is only for grants and ... Understanding how to pay for college is complicated. How do you know if you could quality for financial aid or have "financial need"? It represents the amount of money a family can reasonably be expected to contribute towards college expenses. After completing the FAFSA, a student will receive ... The student's need is calculated by subtracting the EFC from the school's cost of attendance. The Expected Family Contribution is calculated using a combination ... EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ...