Estimated Family Contribution Simplified A Guide for Parents

Colleges use your estimated expected family contribution to determine your family's financial need. They subtract your EFC from the cost of ... The calculator approximates the expected family contribution, giving your student a valuable guideline that can help with college planning. Estimated Financial Aid Package. Estimated Scholarship. Your Cost. Your Cost ... contribution or other expected family resource. For example, if you were ... Expected Family Contribution, or EFC, is a number used to determine how much financial aid you are eligible to receive, including grants and federal student ... a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. 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 ... 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 ... 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 ... 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 ... Your EFC is the total you and your family can reasonably afford to contribute to your college costs, per the U.S. government's determination.