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Need a Formula to Calculate Institutional EFC

 
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Aleksey.Yakovlev

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Since: Mar 01, 2008
Posts: 1



(Msg. 1) Posted: Sat Mar 01, 2008 7:05 am
Post subject: Need a Formula to Calculate Institutional EFC
Archived from groups: soc>college>financial-aid (more info?)

Hello,

Could anybody please tell me, where I can find an *Institutional*
formula to calculate EFC?
I have my own calculator, but I need to upgrade its tables...

Thanks you in advance
Aleksey

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jason




Joined: Aug 07, 2010
Posts: 15



(Msg. 2) Posted: Mon Aug 09, 2010 3:37 am
Post subject: Re: Need a Formula to Calculate Institutional EFC [Login to view extended thread Info.]

hello aleksy........

Institutional EFC Methodology

*Used by institutions and organizations to determine a student's eligibility for institutionally based, private aid programs.
*May vary from college to college.
* Additional factors in a family's financial situation are occasionally considered to determine a student's eligibility for institutional need-based aid.
* May be used instead of, or in addition to, the federal EFC to determine eligibility to receive financial aid from college or private funds administered by the college.

The EFC is the Expected Family Contribution, not just your parents' contribution. You and your parents share the responsibility for paying for college.

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