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The EFC Formula, 2020-2021 - ed

The efc formula , 2020 2021 1 THE efc formula , 2020 2021 What is the EFC?The Expected Family Contribution (EFC) is a number that determines students eligibility for certain types of federal student aid. This number is calculated with the EFC formulas, which use the information that students provide on the Free Application for Federal Student Aid (FAFSA ). Financial aid administrators (FAAs) subtract the EFC from students cost of attendance to determine their need for the following federal student financial assistance offered by the Department of Education (the Department): Federal Pell Grants, Subsidized Loans through the William D. Ford Federal Direct Loan Program, Federal Supplemental Educational Opportunity Grants (FSEOG), and Federal Work-Study (FWS).

the student was in foster care or was a dependent or ward of the court. • As determined by a court in the student’s state of legal residence, the student is now, or was upon reaching the age of majority, an emancipated minor (that is, released from control by his or her parent or guardian).

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THE EFC FORMULA, 2021–2022 - ed

fsapartners.ed.gov

the student was in foster care or was a dependent or ward of the court. ... an emancipated minor (that is, released from control by his or her parent or guardian). • As determined by a court in the student’s state of legal residence, the student is now, or was ... or transitional housing program funded by the U.S. Department of Housing and ...

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FREE APPLICATION for FEDERAL STUDENT AID

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THE EFC FORMULA, 2022–2023

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for determining which applicants are eligible for the automatic zero EFC calculation are included in each worksheet. See page 5 for more information on which students qualify for an automatic ... the first step in calculating a student’s EFC is to determine his or ... who was homeless or was self-supporting and at risk of being homeless.

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Companion to the EDE Technical Reference SAR Comment …

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assignment form when it is prepared. If a payment is received after the school or servicer has sent the loan to the Department for assignment, the …

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