Unleashing Financial Aid The Estimated Family Contribution Explained

The EFC is used to determine the student's level of demonstrated need and overall eligibility for aid; this will appear on your offer letter from the University ... Any new, entering high-need student whose Expected Family Contribution (as determined by Smith) is less than $7,000 will be eligible. How many students will ... UPDATE: As of the 2024-25 FAFSA, the EFC (Expected Family Contribution) is now the SAI (Student Aid Index). Learn about the SAI here: ... a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. The U.S. Department of Education calculates Expected Family Contribution (EFC) to determine federal financial aid eligibility. To find your estimated EFC ... Estimated Financial Aid Package. Estimated Scholarship. Your Cost. Your Cost ... contribution or other expected family resource. For example, if you were ... This is determine based on answers provided on the Free Application for Federal Student Aid (FAFSA). If you believe your EFC is incorrect, you ... 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 the total you and your family can reasonably afford to contribute to your college costs, per the U.S. government's determination. The Expected Family Contribution (EFC) is a number that determines a student's eligibility for federal student aid. The EFC formulas use the financial ...