Unveiling the EFC Formula A Comprehensive Guide

Your EFC determines the amount of federal financial aid you can receive and the institutional financial aid colleges award. Under the EFC formula, up to 47% of the parents' adjusted gross income is considered available for college funding. Although the maximum ... The Expected Family Contribution (EFC) is a number that determines a student's eligibility for federal student aid. The EFC formulas use the financial ... The Expected Family Contribution (EFC) is a measure of your family's financial strength and is calculated according to a formula established by Congress. Corrections to the information you submitted on the FAFSA can result in a change to the Expected Family Contribution (EFC). There are many reasons an EFC ... The EFC is the amount your family is expected to pay for college for the academic year. It is calculated from the information provided on your Free Application ... Colleges use your Expected Family Contribution (EFC) from the FAFSA to determine financial aid offers. Here are some ways that you can ... 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 ... The student's need is calculated by subtracting the EFC from the school's cost of attendance. The Expected Family Contribution is calculated using a combination ... 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.