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The U.S. Department of Education has developed a federal methodology for calculating Expected Family Contribution (EFC) to determine a student's financial aid eligibility. Put simply,
EFC = Student's Contribution + Parents' Contribution.
Both the Student's Contribution and the Parents' Contribution are determined by income and assets as reported on the FAFSA. It must be noted that a student's financial aid awards do not necessarily equal the difference between cost and expected family contribution. All colleges and universities participating in the U.S. Department of Education aid programs are legally bound to use the federal methodology when awarding financial aid.
FAFSA4caster (Estimate your Expected Family Contribution)
Visit the
Federal Student Aid FAFSA4caster to receive early estimates your expected family
contribution and of eligibility for federal student aid.
OE Number 003868