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How To Calculate Your Expected Family Contribution
If you’re hoping to receive a substantial amount of need-based financial aid for college or graduate school, your Expected Family Contribution (EFC) will be one of the most important numbers you’ll ever see. (Need-based financial aid is financial aid you receive because you couldn’t afford college otherwise; “merit-based” financial aid doesn’t depend on your family’s financial situation, but is based on other factors like your academic, athletic, artistic, or service achievements.)
After you’re admitted to your dream school, a complex set of gears grind into action. First, each school…
The skinny
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