Family Contribution

Family Contribution

The amount a student and his/her family pay for an academic year at a post-secondary educational institution. The amount by which the cost of education exceeds the family contribution must be borrowed or awarded in some other form of financial aid.
References in periodicals archive ?
A $50,000 savings account in the name of Mary Jones adds approximately $6,000 to the family contribution from assets.
You can divide your estimated family contribution into monthly payments.
Failing to complete a FAFSA makes little sense especially when families may qualify for maximum federal and possibly state financial awards under the automatic zero Expected Family Contribution (EFC) calculation.
If you're covered by a family plan, you're subject to the family contribution limit of $6,150 in 2011.
Those found to have a greater ability are asked to pay more - the fearsome Expected Family Contribution.
The form also adds "dislocated worker" to the list of criteria that could qualify an applicant for the Simplified Needs Test or Automatic Zero Estimated Family Contribution.
Most federal aid, including Pell Grants and student loans, and some state and institutional aid are awarded based on a student's cost of attendance less the student's and/or family's ability to pay these costs--known as the expected family contribution (EFC).
One thing to note, however, is that both 529 plans and Coverdell ESAs will affect a family's Expected Family Contribution when applying for financial aide.
This confirms information from the FAFSA and provides the Expected Family Contribution (EFC) number.
We help families lower their EFC - or Expected Family Contribution - which can double or even triple a student's eligibility for financial aid.
Goggin added that the committee also plans to release a report in January on simplifying the Expected Family Contribution calculation.
The Pathway program reduces the student and family contribution to zero for students who qualify for federal Pell grants and meet the UO's academic admission standards.