Expected Family Contribution


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Expected Family Contribution

The amount that a student and his/her family are calculated to be able to pay for an academic year at a post-secondary educational institution. The expected family contribution is used in the FAFSA system. It is calculated by taking the tuition and subtracting the federal financial aid for which the student is eligible.
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Specifically, families filling out a 1040A or 1040EZ tax form--rather than the standard 1040 form--can more easily qualify for an automatic zero expected family contribution.
The shock isn't mitigated by the assurance that 60 percent of Vanderbilt students receive some sort of "needs-based" assistance--especially not after you learn what the initials EFC stand for: expected family contribution. CollegeConfidential.com, an online community for college-bound students and their parents, has a calculator that tells me that our EFC during the three years that we'll have only one college student to support is $35,000 a year.
* Submit an online application and immediately receive a confirmation with a preliminary expected family contribution.
The report will provide the client with an expected family contribution (EFC).
The FAFSA determines the student's Expected Family Contribution (EFC) by collecting both the student and parent/legal guardian financial data.
Next to be determined is the expected family contribution (EFC).
The formula used to determine financial need is: financial need = cost of attendance (COA) - expected family contribution (EFC).
The amount of the Federal Pell Grant for a student eligible under this part shall be $6,000 for academic years 2005-2006 through 2010-2011, less an amount equal to the amount determined to be the expected family contribution with respect to that student for that year.
Need is defined as the total cost of schooling minus the Expected Family Contribution (EFC) where the EFC = EPC + Expected Student Contribution (ESC).
There are many student loans available and you can qualify for the loans that best fit your expected family contribution. Perkins loans are the lowest cost loans available but are only awarded to students based on financial needs.
He jotted down his solution on a placemat in the ski lodge, and a variation of his idea was passed into law in 1972: There would be a fixed grant for everyone, but the scholarship would be subtracted from an "expected family contribution" to be established annually.

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