Maximizing Financial Aid Harnessing the Power of Expected Family Contribution

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. The Expected Family Contribution (EFC) is comprised of two components: a parent contribution and a student contribution. After various allowances (i.e. ... The federal EFC that a family receives from submitting the Free Application for Federal Student Aid – commonly known as the FAFSA – is only for grants and ... Amount a family can be expected to contribute toward a student's college expenses, determined based on your answers on the FAFSA. a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. Parental ContributionThe EFC measures your family's financial strength on the basis of the family's income and assets.The EFC formula takes into account ... Expected Family Income (EFC) is a term used in the Free Application for Federal Student Aid (FAFSA), and simply is a calculation (based on “taxed and untaxed ... Expected Family Contribution ... All college students are expected to contribute towards their education costs. How much you and your family will be expected to ... 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 ...