How is the EFC calculated?

How is the EFC calculated?

The EFC is calculated according to a formula established by law. Your family’s taxed and untaxed income, assets, and benefits such as unemployment or Social Security are all considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year.

Topic Information
  • Topic #: 16092-943
  • Date Created: 06/27/2013
  • Last Modified Since: 06/27/2013
  • Viewed: 334
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