EFC Demystified Strategies for Lowering Your Expected Family Contribution

The student's need is calculated by subtracting the EFC from the school's cost of attendance. The Expected Family Contribution is calculated using a combination ... Expected Family Contribution (EFC) is a measure of your family's financial strength and then to determine you eligibility for financial aid. Your expected family contribution (EFC) is the amount your family will be expected to contribute toward your college costs at WashU. The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by Congress. First, in general, parents are expected to contribute up to 47% of their net income to the cost of college every year. Before you freak out, ... The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ... 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 ... Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ... 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 ... Your EFC determines the amount of federal financial aid you can receive and the institutional financial aid colleges award.