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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 ...
28 Οκτ 2015 · Detailed insights into The FAFSA’s EFC formula for the 2016-2017 school year.
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 ...
Want College Cost Comparison Reports using your EFC Number, projected financial help based upon historical data, and then find out your “funding gap”. Do you want to make good financial choices for your Family?
Learn about different EFC score calculation methods and how they are used in the Financial Aid Eligibility process. What Does the Financial Aid Office Do With Your EFC Number? They use your EFC number to calculate the student’s “financial need”. Total Cost of Attendance Less EFC Number = Financial Need.
To use this chart, you need to know your Expected Family Contribution (EFC) and your enrollment status for the semester. 1. Locate your EFC on your award letter that you received in the mail from our office.
Try Finaid’s Quick EFC Calculator. This calculator uses the EFC formula for the 2023-24 academic year. Parents filed taxes? Student filed taxes? More information on this EFC calculator can be retrieved from the U.S. Department of education's website by clicking here. If you are a human seeing this field, please leave it empty.