Demystifying Estimated Family Contribution Your Guide to College Financing

A calculation based on the Free Application for Federal Student Aid (FAFSA) that allows us to determine how much need-based financial aid you are eligible ... First, you'll need to figure out your expected family contribution (EFC). Your EFC is based on a formula made by the US Department of Education. Parental ContributionThe EFC measures your family's financial strength on the basis of the family's income and assets.The EFC formula takes into account ... 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 ... Colleges use your Expected Family Contribution (EFC) from the FAFSA to determine financial aid offers. Here are some ways that you can ... Understanding how to pay for college is complicated. How do you know if you could quality for financial aid or have "financial need"? Expected Family Income (EFC) is a term used in the Free Application for Federal Student Aid (FAFSA), and simply is a calculation (based on “taxed and untaxed ... Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ... EFC is a number calculated with the information you provide on the FAFSA to help determine your need for certain types of financial assistance. Expected Family Contribution ... All college students are expected to contribute towards their education costs. How much you and your family will be expected to ...