Empowering Families with Expected Family Contribution Knowledge

The overall average EFC is about $10,000, with an average of about $6,000 for students at community colleges and $14,000 at 4-year colleges. Federal EFC is calculated using a family's income, assets, and benefits, as well as family size and number of family members in college. Expected Family Contribution (EFC) is a measure of your family's financial strength and then to determine you eligibility for financial aid. Expected Family Contribution plays a key role in determining how much financial aid you can get from the federal government. 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) was an index number used to determine your eligibility for federal student financial aid. It has been replaced by the ... The Expected Family Contribution (EFC) is an assessment of a family's financial strength (based on financial data taken at a snapshot in time) to absorb ... The Expected Family Contribution (EFC) consists of two parts: a calculated parent contribution and a fixed student contribution. An Expected Family Contribution index number is produced. This number establishes how much student financial aid you are eligible to receive. The Expected Family Contribution (EFC) is a number that determines a student's eligibility for federal student aid. The EFC formulas use the financial ...