WebThe federal government calculates your EFC using the data provided on FAFSA (like how many children are in the family, family income, family assets, student assets, etc.). The number is meant to represent the amount that the government (and the financial aid office at the college) believes your family can afford to pay for your student’s studies in a given … WebEstimated Family Contribution (EFC), is a measure of your family’s financial strength. Colleges and states use this number to help determine your financial aid award.

The EFC Formula, 2024-2024 - ed

WebIf you filed a FAFSA, you can find your EFC by following the steps below: 1. Go to studentaid.gov/fafsa and click "Log In". Note: If you have not completed a FAFSA, … Web21 mei 2024 · If you are considered a Dependent student on the FAFSA, the college enrollment status of your family members are important. If others in the family are also enrolled in at least a half-time enrollment status while you are attending college, then this can lower your EFC. psychiatrist kent ohio

What is the Expected Family Contribution (EFC)?

WebEFC stands for Expected Family Contribution. It's a number calculated by imputing the information you submitted on your FAFSA (and sometimes other financial aid applications like the CSS Profile) into a standard formula used by every college in the country. It is intended to represent the amount your family can contribute toward college costs ... Web15 sep. 2024 · There isn’t a simple threshold for what is considered a high EFC, because the way your EFC affects financial aid also depends on the college’s Cost of Attendance (COA) . For example, an EFC of $15,000 wouldn’t necessarily be high for a student attending Harvard, which has a COA of over $75,000, but it would be high compared to … psychiatrist kenosha wi