Demystifying Expected Family Contribution A Student's Guide

Your Expected Family Contribution, or EFC, is the amount of money you and/or your family are expected to pay for your college education per year. 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. What is FAFSA? ... What is the cost of education? ... What is Expected Family Contribution (EFC)? ... What is financial need? ... What are the types of enrollment? Based on the newly signed law – the Consolidated Appropriations Act of 2021 – the EFC will be replaced with a “student aid index” or SAI. In ... Demonstrated Financial Need · Cost of Attendance: · Estimated Family Contribution (EFC) & the Student Aid Index (SAI): · Net Price Calculator · The Financial Aid ... Perhaps the most important one to know is EFC, otherwise known as Expected Family Contribution. Your EFC is a monetary number that is ... 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 ... Your Expected Family Contribution is calculated based on your FAFSA information and is used by financial aid offices to determine how much federal financial ... The Expected Family Contribution (EFC) consists of two parts: a calculated parent contribution and a fixed student contribution. THE EXPECTED FAMILY CONTRIBUTION (EFC) UPDATES FOR THE 2021-2022 SCHOOL YEAR · Income Protection Allowance (Student & Parents) · Adjusted Net ...