Expected family contribution definition

Expected family contribution or “EFC” means the amount of money the U.S. Department of Education expects a student and the student’s family to contribute to the student’s school costs for a school year. The EFC is calculated by the U.S. Department of Education when a student completes the Free Application for Federal Student Aid (FAFSA) and is shown at the top of a student’s Institutional Student Information Record

Expected family contribution. The amount the student and the student's family may be reasonably expected to contribute toward the student's postsecondary education. Expected Family Contribution is defined at section 474 of the HEA (20 USC 1087nn).

Expected family contribution means the amount that a student and his family are expected to contribute toward the cost of the student's education determined by applying methodology set forth in 20 U.S.C. sec. 1087 kk to 1087 vv;

Examples of Expected family contribution in a sentence

• Cost] - [Expected Family Contribution] = Financial Need(If your expected family contribution is less than the cost of attendance, you have demonstrated financial need and may be eligible to receive financial aid.) Cost refers to the total cost of attending the College for one academic year (two terms), which includes tuition and fees, books and supplies, room and board, transportation, clothing, and a modest allowance for personal/miscellaneous expenses.

• The TPEG is a grant designed to help Texas residents cover their tuition, and fees, when these expenses exceed the Expected Family Contribution (EFC) reported on their Student Aid Report (SAR).

• Receive your federal Student Aid Report (SAR) based on the FAFSA with your Expected Family Contribution.

• Any transmittal of such data should specifically include disclosure of the Expected Family Contribution (EFC) amount.

• Students who receive an Expected Family Contribution (EFC) of 5235 or less on the Student Aid Report (SAR) are eligible for a Pell award.

More Definitions of Expected family contribution

Expected family contribution or “EFC” means the amount of financial support a student’s family is expected to contribute to post-secondary education expenses. The EFC is determined by the federal methodology needs analysis formula utilizing information provided on a student’s Free Application for Federal Student Aid (“FAFSA”).

Expected family contribution or "EFC" means the amount a student and the student's family is expected to contribute toward the cost of college attendance. The EFC is calculated using information provided on the Free Application for Federal Student Aid. The institution may exercise professional judgment to adjust the student's EFC, as permitted under federal law, based on factors that affect the family's ability to pay.

Expected family contribution means the measure of a student's or a family's ability to contribute to the cost of education from the student's or the family's financial resources. An expected family contribution for these purposes shall be calculated by means of a federally approved need analysis formula designated by the chancellor.

Expected family contribution means a student’s expected family contribution calculated according to the federal methodology pursuant to subdivision (a) of Section 69506 as established by Title IV of the federal Higher Education Act of 1965, as amended (20 U.S.C. Sec. 1070 et seq.).

Expected family contribution. (EFC) means, the number that is designated as the EFC on the Student Aid Report (SAR) issued by the U.S. Department of Education Central Processing System to the Student of the applicable academic period and certified by the financial aid office of the Participating School on the Loan Application/Promissory Note.

Expected family contribution means the amount an applicant and his or her spouse and family are expected to contribute toward the applicant's cost of attendance as described in Part F of Title IV of the Higher Education Act which is hereby incorporated by reference.

Expected family contribution or "EFC" means the amount a student and the student's family is expected to contribute toward the cost of attendance. A student's EFC will be determined by the federal aid need analysis method used for Title IV programs. The institution may exercise professional judgment to adjust the student's EFC, as permitted under federal law, based on factors that affect the family's ability to pay. For students eligible for an award but ineligible to receive federal financial aid, the institution shall calculate the student's EFC using the appropriate federal EFC worksheet in cases where the federal processor has not calculated the student's EFC.