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Dec 7, 2022 · The Central Processing System (CPS) uses data provided by the applicant on the FAFSA form to calculate the EFC. The EFC formula uses income, assets, the number of persons in the household, and the number of those attending college for the award year.
- Filling Out The FAFSA
The FAFSA form instructs the applicant to add line 1 of the...
- Chapter 5 Special Cases
The FAFSA Simplification Act provides a clearer directive...
- Federal Registers
Free Application for Federal Student Aid (FAFSA) Information...
- Formula Guide
The guide includes EFC worksheets and tables for the 2023–24...
- Filling Out The FAFSA
Feb 29, 2024 · One of the most important numbers is your Expected Family Contribution, or EFC. Understanding your FAFSA EFC number will help you navigate the financial aid process so you can maximize the amount of aid that you will receive. Jump ahead to: What is the EFC? How do colleges calculate your Expected Family Contribution?
If you have applied for financial aid then you will have been assigned an FAFSA number and Expected Family Contribution (EFC). Your EFC is reported on your Student Aid Report (SAR) (External). You can view your SAR by logging in to your FAFSA form (External) and selecting ‘View SAR’ from the My FAFSA page.
Once your FAFSA form is processed, you can log in to your StudentAid.gov account to view your FAFSA Submission Summary or check the processing status for your FAFSA form. Your FAFSA Submission Summary is not your financial aid offer.
Learn how to create an account, determine dependency status, and gather documents before filling out the FAFSA form.
Feb 21, 2023 · Let’s take a closer look at FAFSA’s Expected Family Contribution (EFC), how you find your EFC, and what it means for your family.
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What is a FAFSA EFC number?
What is EFC & how is it calculated?
What is expected Family Contribution (EFC)?
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Does the 2024/2025 FAFSA eliminate the estimated Family Contribution (EFC)?
Finaid continues offers a calculator to estimate Expected Family Contribution (EFC) if needed. It can be accessed here: EFC Estimate or for a quick estimate try the Quick EFC Calculator. The lower your EFC, the more financial aid you will get.