Empowering Families Understanding and Utilizing Estimated Family Contribution

Using the Financial Aid Quiz will estimate your range of your Student Aid Index (SAI), by providing the following information: Parental Household; Parent Income ... The Expected Family Contribution (EFC) was an index number used to determine your eligibility for federal student financial aid. It has been replaced by the ... The Expected Family Contribution (EFC) is a number calculated by the government and helps determine how much financial aid you could receive ... This calculator uses the EFC formula for the 2023-24 academic year. Students whose resources were deemed insufficient to make any financial contribution to their college education had a $0 expected family contribution (EFC). This is determine based on answers provided on the Free Application for Federal Student Aid (FAFSA). If you believe your EFC is incorrect, you ... The results provided by this Quick EFC calculator are only an approximation of the Federal EFC figure that was previously used to calculate federal aid. EFC = Expected Family Contribution. It's a number colleges use to figure out your #FinancialAid AND it's good to know when comparing your ... Colleges use your estimated expected family contribution to determine your family's financial need. They subtract your EFC from the cost of ... Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ...