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The Expected Family Contribution (EFC) is a number that determines students’ eligibility for federal student aid. The EFC formulas use the financial information students provide on their Free Application for Federal Student Aid (FAFSA ®) to calculate the EFC. Financial aid administrators (FAAs) subtract the EFC from students’ cost of ...
THE EFC FORMULA, 2017–2018 What is the EFC? The Expected Family Contribution (EFC) is a number that determines students’ eligibility for federal student aid. The EFC formulas use the financial information students provide on their Free Application for Federal Student Aid (FAFSA ®) to calculate the EFC. Financial aid administrators (FAAs ...
Locate the right sample of The EFC Formula 2016-2017 - Studentaid Ed and fill it out instantly without switching between your browser tabs. Discover more instruments to customize your The EFC Formula 2016-2017 - Studentaid Ed form in the editing mode.
Working together you be able to see clearly how the EFC works, receive a customized EFC calculation based on your financial information, and then we will provide you recommendations on how to lower your EFC.
Each EFC formula has corresponding worksheets. The worksheets (and their associated information tables) are used to determine the EFC for each formula type that are contained in this chapter. These worksheets can be used to hand calculate an EFC and to gain an understanding of the components of Federal Needs Analysis/Methodology.
28 Οκτ 2015 · Those wanting to know how the sausage gets made should review the FAFSA EFC formula for the 2016-2017 school year. It is available here. The worksheets provide the detail on the calculations; the tables and supporting documents explain more about the process.
19 Νοε 2024 · The Student Aid Index (SAI) is the key metric that colleges use to calculate your financial need as a relates to providing financial aid packages. The Student Aid Index (SAI) replaced the Expected Family Contribution (EFC) when calculating financial aid needs for families paying for college.
