Unlocking College Savings Exploring Expected Family Contribution

The Student Aid Index (SAI) is essentially a new name for the Expected Family Contribution (EFC). It is used along with the Cost of Attendance (COA) and Other ... Key Points · Expected family contribution (EFC) is being replaced by the Student Aid Index (SAI), resulting in updates to how federal student ... The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by Congress. Expected family contribution is an index that determines how much financial aid you are eligible for. It's important to understand what it is and how it ... 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 ... Any new, entering high-need student whose Expected Family Contribution (as determined by Smith) is less than $7,000 will be eligible. How many students will ... Demonstrated Financial Need · Cost of Attendance: · Estimated Family Contribution (EFC) & the Student Aid Index (SAI): · Net Price Calculator · The Financial Aid ... 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 ... a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. 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 ...