Decoding EFC A Guide to Navigating Financial Aid

The Expected Family Contribution (EFC) was an index number used to determine your eligibility for federal student financial aid. It has been replaced by the ... Expected Family Contribution plays a key role in determining how much financial aid you can get from the federal government. The Expected Family Contribution (EFC) consists of two parts: a calculated parent contribution and a fixed student contribution. An expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of ... In this first of this three article series on EFC, I will explain to you how EFC is calculated, what it means, and how schools use the EFC in determining how ... calculate the Expected Family Contribution (EFC) for dependent and independent students. An EFC is calculated when the FAFSA is valid (i.e. not in a rejected. Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ... EFC stands for Expected Family Contribution. It is a figure determined by the information you provide on the FAFSA, which takes into account you and your ... 4 The hidden financial need revealed by negative EFC partially explains why so many of those students—even with the support of financial aid programs—continue. This report describes the need analysis formulas used to calculate the Expected Family. Contribution (EFC) for federal student aid ...