The FAFSA determines your eligibility for federal financial aid using a formula to calculate your expected family contribution (EFC). Based on the federal government’s methodology, EFC refers to the amount of money that the student and parents should be able to contribute toward institutional costs over the course of an academic year. Although the cost of education is different from school to school, they will all use the same EFC to create your financial aid package.
 

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How Aid is Calculated






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