Back
FAQ
How is the EFC calculated?
EFC is calculated by looking at how much money your family has, how big your family is, and how many people in your family are in college. The federal government uses a formula called Federal Methodology to determine your eligibility for federal financial aid. Many colleges use a formula called Institutional Methodology to determine your eligibility for institutional financial aid.
The EFC Calculator can help you estimate what your EFC will be using either methodology.