Understanding Expected Family Contribution The Key to College Affordability

Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ... Student Aid Index (SAI) has replaced the Expected Family Contribution (EFC) starting in the 2024-25 award year. The Student Aid Index (SAI) is the ... 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 comprised of two components: a parent contribution and a student contribution. After various allowances (i.e. ... EFC = Expected Family Contribution. It's a number colleges use to figure out your #FinancialAid AND it's good to know when comparing your ... Expected Family Contribution ... All college students are expected to contribute towards their education costs. How much you and your family will be expected to ... Amount a family can be expected to contribute toward a student's college expenses, determined based on your answers on the FAFSA. Your EFC is a number that establishes whether you qualify for specific types of federal student aid. The information you fill out on your FAFSA ... In conclusion, your EFC is an important factor in the financial aid process and can have a significant impact on your ability to afford college. The EFC is calculated from the data submitted on financial aid forms – FAFSA and CSS Profile. Colleges use your family's EFC to determine ...