Navigate the Maze of EFC Strategies for Success

EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ... 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 ... First, you'll need to figure out your expected family contribution (EFC). Your EFC is based on a formula made by the US Department of Education. 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 ... 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 It has been replaced by the ... 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 ... 4 The hidden financial need revealed by negative EFC partially explains why so many of those students—even with the support of financial aid programs—continue. FAFSA EFC simply stands for Expected Family Contribution. Let's go through a quick process of how you get around to figuring out or receiving your EFC amount. developed by Congress to determine your EFC. The EFC is a number which is a measure of your financial strength and used to determine your federal student ... The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ...