ERIC Number: ED428603
Record Type: RIE
Publication Date: 1998
Reference Count: N/A
The EFC Formula, 1999-2000.
Department of Education, Washington, DC.
This document answers questions about the EFC (expected family contribution) formula used to determine eligibility for financial aid at institutions of higher education. Questions address the following topics: an explanation of EFC, data sources used in EFC calculations, application processing and student notification, selection of the appropriate EFC worksheet for either independent or dependent students, the definition of an independent student, qualifications for using the simplified EFC formulas, automatic qualification for a zero EFC, reasons why calculation of an EFC using the worksheets may differ from the EFC reported on the Student Aid Report. Appended are the three worksheets and tables for calculating the EFC. (DB)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Authoring Institution: Department of Education, Washington, DC.