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The EFC is included on the Student Aid Report and Institutional Student Information Record, which are sent after filing a form called a Free Application for Federal Student Aid . [1] There are a number of free calculators on the Web to help applicants estimate the EFC before filing the FAFSA.
The first online calculators were started by Williams College. [72] The online calculators look at financial need and academic merit to try to estimate the likely discounted price offered to a particular student from a particular college, [59] using information including details from tax returns, household income, grade point averages and test ...
In the college financial aid process in the United States, a student's "need" is a figure that colleges use when calculating how much financial aid to offer a student. It is determined by taking the college's Cost of Attendance, which current rules require each college to specify. Then it is subtracted the student's Expected Family Contribution ...
The SAI removes the number of family members in college from the calculation and has a minimum value of -1500 as compared to zero for the EFC. Expanded Pell Grant Eligibility: Eligibility is now linked to a student’s family size and the federal poverty level as of the 2024-2025 award year. Furthermore, incarcerated students regained access to ...
In The News & Observer’s weekly roundup of higher ed news, learn more about how Duke University offering free tuition led to an increase in applications. Dean’s List: Duke receives record ...
The college then decides whether or not to extend an offer of admission (and possibly financial aid) to the student. The majority of colleges admit students to the college as a whole, and not to a particular academic major, although this may not be the case in some specialized programs such as engineering and architecture.
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This also forms the basis for transparency lists; a report on the College Navigator Web site the institutional net price of attendance for Title IV aid recipients by income categories; and for the U.S. Department of Education to develop multi-year tuition and required-fees calculator for undergraduate programs for the College Navigator Web site.