Navigating College Finances The Essential Role of Estimated Family Contribution

Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. 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. 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. This article and video explains the expected family contribution meaning and the 3 different types of EFCs you might encounter on your financial aid ... Colleges use your Expected Family Contribution (EFC) from the FAFSA to determine financial aid offers. Here are some ways that you can ... 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 Student Aid Index (SAI) is an eligibility index number that your college's or career school's financial aid office uses to determine how much federal ... EFC = Expected Family Contribution. It's a number colleges use to figure out your #FinancialAid AND it's good to know when comparing your ... Expected Family Contribution ... All college students are expected to contribute towards their education costs. How much you and your family will be expected to ...