Harnessing Financial Aid The Power of Estimated Family Contribution

The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by law. Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. Understanding how to pay for college is complicated. How do you know if you could quality for financial aid or have "financial need"? 10 EFC Tips · 1: An Expected Family Contribution is a dollar figure that represents what financial aid formulas believe a family should be able to pay for one ... The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ... The completed FAFSA furnishes all the information needed to calculate the Estimated Family. Contribution (EFC) for dependent and independent students. 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 ... Expected Family Contribution (EFC) is an index number used to determine your eligibility for federal student financial aid. 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 ... The Expected Family Contribution (EFC) is comprised of two components: a parent contribution and a student contribution. After various allowances (i.e. ...