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ERIC Number: ED440598
Record Type: RIE
Publication Date: 2000
Pages: 31
Abstractor: N/A
The EFC Formula, 2000-01.
Department of Education, Washington, DC.
This document answers questions about the Expected Family Contribution (EFC) used to determine eligibility for financial aid at institutions of higher education. Answers are provided for the following questions: What is the EFC? What is the source of data used for EFC calculations? Who processes the application and how is the student notified? Which EFC worksheet should be used? What is the definition of an independent student? Which students quality for the simplified EFC formula? Which students automatically qualify for a zero EFC? Why might a calculation of an EFC using the enclosed worksheets differ from the EFC reported on a Student Aid Report? Appended are three worksheets and tables for calculating EFC under formulas A (for dependent students), B (for independent students without dependents), and C (for independent students with dependents). (CH)
Publication Type: Guides - Non-Classroom
Education Level: N/A
Audience: Administrators; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: Department of Education, Washington, DC.
Note: For a 1999-2000 guide, see ED 428 603.