Web21 apr. 2024 · The EFC is calculated using a formula based on your family’s income, assets and any benefits you receive. To calculate your financial need, the colleges will subtract your EFC from their... WebTHE EFC FORMULA, 2024–2024 What is the EFC? The Expected Family Contribution (EFC) is a number that determines students’ eligibility for certain types of federal student aid. This number is calculated with the EFC formulas, which use the information that students provide on the Free Application for Federal Student Aid (FAFSA ®).
What is my Expected Family Contribution (EFC)? - Student Aid
WebSo if a school’s COA is $15,000 and your EFC is $10,000, your financial need is $5,000 — and you may be eligible for aid covering this amount. Financial need is the value that the FAFSA suggests the student will require in financial aid to cover the cost of a … 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 … how many 40 x 48 pallets fit on a 53\\u0027 truck
What is a Good EFC? - edmit.me
WebYour SAR will include your Expected Family Contribution (EFC), which is a number that schools use to determine how much financial aid you’re eligible for. Remember: Your SAR is not your financial aid offer. Each school that you’ve been accepted to will send you a financial aid offer—as long as you listed the school on your FAFSA ® form. WebYou may find your EFC on your FAFSA confirmation page. Determining Your Financial Need - We determine your financial need by subtracting your Expected Family Contribution from your Cost of Attendance. Once we calculate your financial need, we can determine the types and amounts of financial aid you are eligible to receive. WebCollect the documentation you need, then complete your FAFSA online as early in the year as possible (Priority Deadline is April 1).Note: a new FAFSA is required every year.. The FAFSA does ask for income tax information. To make the application process easier, you can choose the IRS Data Retrieval tool that will give you the option to transfer your tax … how many 400 hitters in baseball