Understanding Estimated Family Contribution The Path to College Affordability

The Expected Family Contribution (EFC) is the amount calculated by the federal government that shows how much your family can afford to pay each year toward ... The Expected Family Contribution (EFC) is a number that determines a student's eligibility for federal student aid. The EFC formulas use the financial ... The Expected Family Contribution (EFC) is comprised of two components: a parent contribution and a student contribution. After various allowances (i.e. ... Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. In conclusion, your EFC is an important factor in the financial aid process and can have a significant impact on your ability to afford college. Your EFC is a measure of your family's financial strength and is calculated according to a formula established by law. The EFC is used to determine the amount ... The overall average EFC is about $10,000, with an average of about $6,000 for students at community colleges and $14,000 at 4-year colleges. 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. 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 is the number that is used to determine your eligibility for federal student financial aid. This number results from the financial information you ...