Unlocking the Secrets 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 Congress. The Expected Family Contribution (EFC) consists of two parts: a calculated parent contribution and a fixed student contribution. The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ... Your Expected Family Contribution is calculated based on your FAFSA information and is used by financial aid offices to determine how much federal financial ... An Expected Family Contribution index number is produced. This number establishes how much student financial aid you are eligible to receive. The SAI is used by the school you attend (or plan to attend) to determine your need. The school will take the total cost of attendance, subtract ... Expected Family Contribution · This calculation provides an amount the government has determined that your family can afford to pay toward your college expenses ... The calculator approximates the expected family contribution, giving your student a valuable guideline that can help with college planning. The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by law. 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 ...