Unleashing the Potential Estimated Family Contribution and College Affordability

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 ... This calculator uses the EFC formula for the 2023-24 academic year. EFC stands for Expected Family Contribution. Get key information about how your EFC affects your financial aid and student loans. Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. Generally speaking, families want a lower EFC since that means they can qualify for more financial aid and potentially pay less out-of-pocket for higher ... Estimated Family Contribution (EFC) is now the Student Aid Index (SAI). The SAI is not an actual amount that you pay to the university. 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 ... Expected Family Contribution · This calculation provides an amount the government has determined that your family can afford to pay toward your college expenses ... developed by Congress to determine your EFC. The EFC is a number which is a measure of your financial strength and used to determine your federal student ... Your expected family contribution (EFC) is the amount your family will be expected to contribute toward your college costs at WashU.