I ve seen alot of posts from people who can't get financial aid because of their EFC of $50,000 on an income of $150,000 - $200,000. Well, guess what? If your EFC is $28,000 - 30,000 on a two-parent income of around $100,000, you aren't getting anything but LOANS either, unless you do go IVY or to a pricey private school (meaning over … WebOct 20, 2024 · EFC stands for Expected Family Contribution. This is the amount that the government says that you can afford to contribute (for one year, not in total) for your …
Your EFC: What It Is, How It’s Calculated, and Why It Matters
WebMar 13, 2024 · How EFC Affects What You Pay for College. Colleges use a student's EFC to determine a family's financial need. That need is calculated by subtracting the EFC from an institution's cost of ... WebMay 8, 2010 · Your EFC number is factored by taking into account family size, including the number of family members currently enrolled in college, parental income and assets and student income and assets. ... If you have an EFC number of 1200 and get a scholarship … downhill second half
What Does My EFC Code for Financial Aid Mean? LoveToKnow
WebTo reset: School’s COA: $15,000 Student’s EFC: $14,000 Students need: $1,000. Student has $1,000 sub loans. Student has $4,500 in unsubscribe loans. $15,000 minus $5,500 equals $9,500. This $9,500 is the remaining amount of financial aid a student could pursue. WebFeb 15, 2009 · My brother is currently a freshman in college. Our EFC last year, for him, was $20,000. My dad's income dropped about $15,000 since last year largely because of the economy. So is $13,000 the amount my dad will be expected to pay for my brother and I combined next year? Or is $13,000 the amount my dad will be expected to pay just for … WebNov 13, 2024 · Cost of Attendance – Expected Family Contribution = Financial Need. Let’s say you’re applying to an elite private school whose cost of attendance is $80,000. The … clamshell basket