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 ?
There are strategies families can use to reduce their Expected Family Contribution (EFC) and increase eligibility for aid.
After a review of the necessary financial documentation, Georgetown will determine the family contribution amount and provide a scholarship to cover the remaining costs.
64% in the Expected Family Contribution calculation used in the Free Application for Federal Student Aid (FAFSA).
Parents might fund an IRA in the current year, moving cash into retirement accounts that are not counted in determining the expected family contribution to college costs.
The section on federal financial aid insider tips on applying and explains elements such as expected family contribution and different types of grants and loans.
It addresses types and sources of financial aid, how to get need-based and merit-based aid, how to estimate your Expected Family Contribution, how the Net Price Calculator can help you, and college cost considerations.
The FAFSA is used to determine the expected family contribution, or EFC, to college expenses based on a family's financial situation.
To make this determination, the family first should do an Expected Family Contribution (FEC) calculation The FEC is the total amount the family is expected to contribute to the student(s) education.
Their analysis focuses on Florida high school graduates in the 1999-2000 academic year who submitted a Free Application for Federal Student Aid (FAFSA) application, whose Expected Family Contribution (EFC) falls between $590 and $2,590, and who demonstrate readiness for postsecondary study in STEM disciplines.
I'd recommend starting this fall with the College Board's Estimated Family Contribution Calculator.
If you don't know those stand for Early Decision, Early Action, Expected Family Contribution, and Preliminary SAT (which used to stand for Scholastic Aptitude Test, but now is an empty acronym)/National Merit Scholar Qualifying Test, you've got some brushing up to do.
While 30% of graduates receive a family contribution towards the costs of buying, only 24% of "non-grads" are assisted.