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- Expected_Family_Contribution abstract "Expected Family Contribution (or EFC) is a term used in the college financial aid process in the United States to determine an applicant's eligibility for federal student aid. It is located on the Student Aid Report and Institutional Student Information Record received after completing the FAFSA. It is an estimate of the parents' and/or student's ability to contribute to post-secondary education expenses.Generally speaking, the lower the EFC the higher the financial aid award from the college may be. Zero is the lowest EFC number, and 99,999 is the highest. Dependent students qualify for an automatic zero EFC if their family’s income is below $23,000 dollars for the 2012 -2013 year and they either received funding from any of the Federal Benefits programs (SSI, SNAP (formerly known as the Food Stamp program), WIC, or Free and Reduced Lunch) or filed 1040A, 1040EZ11, or were not required to fill out a tax return, or parent is a dislocated worker.The EFC is calculated based on a student's responses to questions in the FAFSA if the FAFSA was completed without significant errors. Some colleges and universities may use the CSS Profile to calculate EFC (or have their own form). A major difference between the FAFSA and the CSS Profile is that the CSS Profile takes home equity (value of your house) into account when determining ability to pay, while the FAFSA does not.The EFC is usually subtracted from the cost of attendance (COA) of the college or university to determine a student's financial need. If COA > EFC, then a student has financial need.Eligibility for a number of federal, state, local, and institutional aid programs is based on a student's EFC.Items that will lower a student's EFC: Additional family members supported by the head of the household (e.g., siblings or grandparents who are living at home) Additional siblings in college Lower income (especially student income) Fewer assets (especially student assets)Additionally, some colleges or universities will lower your EFC if you file an appeal for special circumstances such as: Loss of Employment Loss of Child Support, Alimony, etc. Separation or Divorce Death of Parent or Spouse Medical and Dental Expenses not covered by insurance Income was increased the applicable year because of a one-time lump sum that will most likely not occur againFor the 2010–2011 school year the maximum EFC for a student to be eligible for a Pell Grant is $5273.".
- Expected_Family_Contribution wikiPageExternalLink expected-family-contribution-calculator.
- Expected_Family_Contribution wikiPageExternalLink studentaid.ed.gov.
- Expected_Family_Contribution wikiPageExternalLink whats-the-expected-family-contribution%20.
- Expected_Family_Contribution wikiPageExternalLink EFC_Calculator.
- Expected_Family_Contribution wikiPageExternalLink know-your-expected-family-contribution-.
- Expected_Family_Contribution wikiPageID "11717343".
- Expected_Family_Contribution wikiPageRevisionID "600402885".
- Expected_Family_Contribution hasPhotoCollection Expected_Family_Contribution.
- Expected_Family_Contribution subject Category:Education_finance.
- Expected_Family_Contribution subject Category:Student_financial_aid.
- Expected_Family_Contribution comment "Expected Family Contribution (or EFC) is a term used in the college financial aid process in the United States to determine an applicant's eligibility for federal student aid. It is located on the Student Aid Report and Institutional Student Information Record received after completing the FAFSA.".
- Expected_Family_Contribution label "Expected Family Contribution".
- Expected_Family_Contribution sameAs m.02rpzbk.
- Expected_Family_Contribution sameAs Q17053079.
- Expected_Family_Contribution sameAs Q17053079.
- Expected_Family_Contribution wasDerivedFrom Expected_Family_Contribution?oldid=600402885.
- Expected_Family_Contribution homepage EFC_Calculator.
- Expected_Family_Contribution isPrimaryTopicOf Expected_Family_Contribution.