EFC Essentials A Guide for Parents and Students

The U.S. Department of Education calculates Expected Family Contribution (EFC) to determine federal financial aid eligibility. To find your estimated EFC, ... The total amount a family is asked to contribute toward a student's Yale education. It is used to cover both billed expenses and unbilled expenses. The EFC ... The information you submit on your FAFSA determines your Expected Family Contribution (EFC) and is used to determine your federal student ... 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 ... Expected Family Contribution, or EFC, is a number used to determine how much financial aid you are eligible to receive, including grants and federal student ... Low-income families can have an EFC as low as $0. That's the automatic EFC of families making an adjusted gross income of less than $24,000. An EFC of $0 means ... EFC is a number calculated with the information you provide on the FAFSA to help determine your need for certain types of financial assistance. Federal EFC is calculated using a family's income, assets, and benefits, as well as family size and number of family members in college. EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ... It represents the amount of money a student's family is expected to contribute towards college expenses for one academic year. Understanding EFC ...