Mastering EFC A Toolkit for Financial Aid Applicants

The FAFSA uses a number called the expected family contribution (EFC), which is based on the financial information you provide. The information you submit on your FAFSA determines your Expected Family Contribution (EFC) and is used to determine your federal student ... In this first of this three article series on EFC, I will explain to you how EFC is calculated, what it means, and how schools use the EFC in determining how ... The EFC is a measure of how much the student and his or her family can be expected to contribute to the cost of the student's education for ... Generally speaking, families want a lower EFC since that means they can qualify for more financial aid and potentially pay less out-of-pocket for higher ... EFC is a number calculated with the information you provide on the FAFSA to help determine your need for certain types of financial assistance. Amount a family can be expected to contribute toward a student's college expenses, determined based on your answers on the FAFSA. THE EXPECTED FAMILY CONTRIBUTION (EFC) UPDATES FOR THE 2021-2022 SCHOOL YEAR · Income Protection Allowance (Student & Parents) · Adjusted Net ... The EFC is the amount your family is expected to pay for college for the academic year. It is calculated from the information provided on your Free Application ... Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school.