Unveiling the Mystery of Expected Family Contribution A Comprehensive Guide

Based on the newly signed law – the Consolidated Appropriations Act of 2021 – the EFC will be replaced with a “student aid index” or SAI. In ... EFC = Expected Family Contribution. It's a number colleges use to figure out your #FinancialAid AND it's good to know when comparing your ... An expected family contribution (EFC) is an estimate of a student's, and for a dependent student, their parent(s)' or guardian(s)', ability to pay the costs of ... 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 ... First, you'll need to figure out your expected family contribution (EFC). Your EFC is based on a formula made by the US Department of Education. Colleges use your Expected Family Contribution (EFC) from the FAFSA to determine financial aid offers. Here are some ways that you can ... 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. 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 ... EFC is a number calculated with the information you provide on the FAFSA to help determine your need for certain types of financial assistance. What is an Expected Family Contribution (EFC)?. This is the number that is used to determine your eligibility for federal student financial aid.