Unleashing the Power of EFC Maximizing Financial Aid Awards

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 ... Expected family contribution or "EFC" means the amount a student and the student's family is expected to contribute toward the cost of college attendance. The ... The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ... 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. Understanding how to pay for college is complicated. How do you know if you could quality for financial aid or have "financial need"? Perhaps the most important one to know is EFC, otherwise known as Expected Family Contribution. Your EFC is a monetary number that is ... The Student Aid Index (SAI) is still being used to determine how much need-based financial aid a student is eligible for, replacing the Expected Family ... 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 ... Amount a family can be expected to contribute toward a student's college expenses, determined based on your answers on the FAFSA. 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.