Unlocking College Affordability The Ultimate Guide to Expected Family Contribution

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. Here's all the key things you need to know about EFC, how it works, and how it may affect your college costs. Your EFC is the total you and your family can reasonably afford to contribute to your college costs, per the U.S. government's determination. a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. Here are 5 FAFSA Tips that will reduce your expected family contribution (EFC) And help you get more financial aid! EFC Parent Contribution · Start with your taxable income · Add non-taxable income (such as received child support and 401(k) contributions) ... 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 ... The EFC measures the family's financial strength on the basis of the family's income and assets. The EFC formula also takes into account the family's expenses ... Your expected family contribution (EFC) is the amount your family will be expected to contribute toward your college costs at WashU.