Demystifying Estimated Family Contribution A Comprehensive Overview

Low-income families can have an EFC as low as $0. That's the automatic EFC of families making an adjusted gross income of less than $24,000. An EFC of $0 means ... Use the EFC Calculator to calculate your Expected Family Contribution, the amount you and family are expected to contribute to your college costs, and to ... 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 ... This demonstrates how much of a family's or individual's financial resources can realistically be directed towards educational costs. The EFC is figured on the ... a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. The EFC is used to determine the student's level of demonstrated need and overall eligibility for aid; this will appear on your offer letter from the University ... EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ... In this first of this three article series on EFC, I will explain to you how EFC is calculated, what it means, and how schools use the EFC in determining how ... The Student Aid Index (SAI) is still being used to determine how much need-based financial aid a student is eligible for, replacing the Expected Family ... It replaced the Expected Family Contribution (EFC), which was previously used on the FAFSA to calculate a student's financial need. Top ...