It also changes slightly from year to year.
For CSS Profile make sure you file before the schools Priority Aid Deadline date which is the day the college starts building financial aid packages. Even families with an EFC of Zero can end up with a funding gap.
Here is a link to a sample SAR. Regardless of you EFC number you can only project the amount of financial aid you will receive based upon the historical giving pattern of the respective school. Parents should check for accuracy.Understanding your Expected Family Contribution (EFC) in Financial Aid
If you have questions please fee free to contact me. If you do not feel comfortable with those options or they do not seem feasible, there are ways to make your EFC number less of a burden. Regardless of your EFC, it is important to find ways beside federal grants to pay for college.
You can learn more about him here. This decision is difficult for students who have their hearts set on attending a specific college.
All Rights Reserved. Merit-based scholarships including those for artistic and athletic ability do not usually take into account the EFC number.
In particular, different colleges treat home equity wildly differently, with some not counting it at all even though the CSS Profile asks about it and others counting it up to as much as 2. One of his favorite tools is Personal Capital , which enables him to manage his finances in just 15-minutes each month. Name required.
Comment Name required Email will not be published required Website. Trying to understand the EFC number and what it means? Most colleges in the U.
There is no easy way to lower your EFC number without hiding assets and engaging in other illegal activity.