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Understanding Your Financial Aid Award1Contents Student Financial Aid. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 When to Apply for Financial Aid.
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To fill out your expected family contribution, follow these steps:
02
Gather all the necessary financial documents, such as tax returns, bank statements, and investment records.
03
Calculate your total annual income, including both taxable and non-taxable sources.
04
Determine your family size by counting the number of people in your household who depend on your income.
05
Consider any special circumstances or financial hardships that may affect your ability to contribute.
06
Fill out the Free Application for Federal Student Aid (FAFSA) form online or on paper, providing accurate and detailed information about your financial situation.
07
Submit the completed FAFSA form and any supporting documents to the appropriate financial aid office.
08
Review your Student Aid Report (SAR) and make any necessary corrections or updates.
09
Use the Expected Family Contribution (EFC) calculator provided by the financial aid office to determine your contribution amount.
10
If needed, consult with a financial aid advisor for further assistance or clarification.
11
Finally, be prepared to provide additional documentation or information if requested by the financial aid office during the verification process.

Who needs your expected family contribution?

01
Your expected family contribution is required by colleges, universities, and other educational institutions that use the FAFSA to award financial aid.
02
It is used to determine your eligibility for federal grants, scholarships, work-study programs, and need-based financial aid.
03
The information helps colleges assess your financial need and make decisions about the type and amount of financial aid you may receive.
04
In some cases, private organizations and scholarship providers may also request your expected family contribution to evaluate your eligibility for their programs.
05
Overall, your expected family contribution is an important factor in determining your financial aid package and affordability of higher education.
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The expected family contribution (EFC) is a measure of a family's financial strength and is used to determine eligibility for financial aid.
The student and their family are required to file the expected family contribution (EFC) as part of the financial aid application process.
The expected family contribution (EFC) is calculated based on information provided on the Free Application for Federal Student Aid (FAFSA) form.
The expected family contribution (EFC) is used by colleges and universities to determine a student's financial need and eligibility for financial aid.
Income, assets, family size, and number of family members attending college are some of the factors that must be reported on the expected family contribution (EFC).
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