• Home
  • About Us
  • Contact Us
  • Upcoming Events
  • Advertise With Us
  • Become a Sponsor
  • Get Involved
  • Login
Logo Image

Financial Aid Estimated Family Contribution

  • View
  • //Comment out the comments box

BRIEF SUMMARY

This page is currently under construction.  If you have related content or resources to add, you may submit it via the “Contact Topic Manager” box below.

The Expected Family Contribution (EFC) is a measure of your family’s financial strength and is calculated according to a formula established by law. Your family’s taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) are all considered in the formula. Also considered are your family size and the number of family members who will attend college during the year. The information you report on your Free Application for Federal Student Aid (FAFSA) or your FAFSA4caster is used to calculate your EFC. Schools use the EFC to determine your federal student aid eligibility and financial aid award.

KEY POINTS

  • Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive.
  • Students and their families are expected to contribute to the cost of college to the extent that they’re able.
  • Your EFC ultimately plays a pivotal role in determining how much financial aid you can get from the federal government.
  • Your Expected Family Contribution is used by schools to estimate how much need-based aid (such as grants, loans, and work-study) you can collect. Conversely, your EFC is not used to determine how much other financing options (such as Unsubsidized Direct or Parent PLUS Loans) you can claim.
  • A low EFC means you may be eligible for a larger financial aid package. A higher EFC means you may have to rely on unsubsidized loans to fill your tuition shortfall.
  • When it’s put on paper, your estimated Expected Family Contribution is a simple dollar figure. For some borrowers, it will be as little as $0. For others, as much as the full cost of attendance.

SHARED WISDOM

  • What I have learned
  • What I have learned

RESOURCES

  • Funding Your Education: The Guide to Federal Student Aid

  • EFC Calculator

  • Why the ‘Expected Family Contribution’ Is Key to Your Financial Aid Award (Article)

CONTACT TOPIC MANAGER

This is a ‘do it ourselves’ web site. So if you would like to help, or have information or resources to share, please contact us today.

  • This field is for validation purposes and should be left unchanged.


International Exchange Students (formerly Foreign Exchange Students)FAFSA
  • Mary on June 20, 2018 @ 18:49:16
  • Mary on June 20, 2018 @ 18:48:05
  • Mary on June 20, 2018 @ 18:38:32
  • Kelly on May 30, 2018 @ 18:29:20
  • Heather on August 7, 2016 @ 19:59:35

This post was created by EFGH ContentManager on August 7, 2016.

  
POWERED BY INSPIRE SUCCESS
BECOME A SPONSOR

Follow us

  • facebook
  • twitter

Counselor1StopFollow

Counselor1Stop is an A to Z compendium of resources for and by K-12 school counselors. The website is one place with quick answers and easy access to resources!

Counselor1Stop
Counselor1SCounselor1Stop@Counselor1S·
3 Sep

This week's EW4SC episode is sponsored by @KuderSupport -support the podcast by visiting https://www.kuder.com/inspire
Elizabeth Moore shares how a career assessment helped change a family dynamic. Listen at https://inspiresuccess.org/podcast or on your favorite podcast app!

Reply on Twitter 1433855776968294402Retweet on Twitter 1433855776968294402Like on Twitter 14338557769682944021Twitter 1433855776968294402
Retweet on TwitterCounselor1Stop Retweeted
AmandaCulhanAmanda Culhan@AmandaCulhan·
31 Aug

Calling all Indiana School Counselors & Social Workers! Who's ready to connect & network this fall? Visit COUNSELOR CONNECTions to find a session near you! https://keepindianalearning.org/events/counselor-connections/

Reply on Twitter 1432749227365576706Retweet on Twitter 14327492273655767063Like on Twitter 14327492273655767065Twitter 1432749227365576706
Counselor1SCounselor1Stop@Counselor1S·
6 Jul

This week's EW4SC throwback episode features Allen Hill, @ISCA_IN Executive Director & @JRPLeadership school counselor! Want to share your story? Visit the EW4SC sound booth at #2021ASCA Attending virtually? Visit the EW4SC virtual sound booth http://podcast.inspiresuccess.org/soundbooth

Reply on Twitter 1412446792814317569Retweet on Twitter 1412446792814317569Like on Twitter 14124467928143175692Twitter 1412446792814317569
Load More...