EFC 101 A Crash Course in Expected Family Contribution

It represents the amount of money a family can reasonably be expected to contribute towards college expenses. After completing the FAFSA, a student will receive ... 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 ... The Financial Aid Quiz provides an estimated range of your Student Aid Index (SAI), which helps determine how much federal financial aid you may qualify for by ... EFC is a number calculated with the information you provide on the FAFSA to help determine your need for certain types of financial assistance. Expected Family Contribution · This calculation provides an amount the government has determined that your family can afford to pay toward your college expenses ... The U.S. Department of Education calculates Expected Family Contribution (EFC) to determine federal financial aid eligibility. To find your estimated EFC, ... Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. Expected Family Contribution (EFC). The EFC represents the parent and student contribution to educational expenses. The information you submit on your FAFSA determines your Expected Family Contribution (EFC) and is used to determine your federal student ...