Choose federal methodology to calculate your expected family contribution efc and financial need using the federal need analysis methodology used by the federal processor and school financial aid administrators. Estimated expected family contribution efc chart expected family contribution efc college affordability free efc calculator your expected family contribution or efc is the starting point for families to understand their financial aid position student loans in the u s regulatory framework higher education act of 1965 u s dept of education.
Efc Calculator
The efc formulas use the financial information students provide on.
Estimated expected family contribution efc chart. This is your expected family contribution. This is an estimate of the amount of need based financial aid that you are eligible for. To properly understand your financial positioning you need to know the components of the efc or expected family contribution.
Efc is calculated based on your financial information. The efc formula 20172018 1 the efc formula 20172018 what is the efc. Most people believe it to be one number but it is actually the sum of four major calculations.
It short the efc has an effect on how much federal grant money you will be given for college expenses. Efc is calculated based on your financial information. Other factors which are involved are.
Estimated financial need. An efc number is the expected family contribution or the amount a family is expected to pay for their students college education. The efc calculator estimates the expected contribution of a students family for the year and helps gain insight into the students financial aid eligibility.
The expected family contribution efc is a number that determines students eligibility for federal student aid. Your expected family contribution efc is the major driving factor in determining financial aid eligibility and the structure of the financial aid award. Expected family contribution efc.
The expected family contribution efc is a number that determines students eligibility.
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