Parents can't afford their EFC, or expected family contribution, after filling out a FAFSA to get financial aid. Some have turned to drastic measures.

Before FAFSA simplification: Students from a household with limited income and assets could, at the lowest limit, receive an EFC of zero. If your EFC was zero, you were automatically eligible for ...

However, if your child, for example, qualifies for need-based financial aid in the amount of $15,000 ($35,000 - $20,000 EFC = $15,000 of need), and receives a merit aid award of $10,000, in most ...

Understand what your Expected Family Contribution (EFC) means, how it's calculated, and its role in determining your financial aid eligibility. Business Insider Subscribe Newsletters ...

Then the state and federal government, colleges, and other organizations use this number to help determine your financial aid package at a given college. In general, the EFC is between 22 to 47 ...

Schools use your EFC to determine your federal student aid eligibility and your financial aid award. However, it's important to remember that your EFC is not the amount of money your family will ...

Luckily, I think we are heading in the right direction. According to the New York Times, for the 2022-2023 application, the EFC will no longer determine the amount of financial aid you will receive.

EFC and FAFSA might seem confusing, but these simple-enough terms will help you figure out how much need-based financial aid you could receive for college — all you’ll need is some middle ...

For the first time in 40 years, students will see a completely revamped Free Application for Federal Student Aid (FAFSA). These changes are part of the FAFSA Simplification Act and should benefit ...

This article was first published on NerdWallet.com. For the first time in 40 years, students will see a completely revamped Free Application for Federal Student Aid (FAFSA). These changes are part ...

For the first time in 40 years, students will see a completely revamped Free Application for Federal Student Aid (FAFSA). These changes are part of the FAFSA Simplification Act and should benefit ...

For the first time in 40 years, students will see a completely revamped Free Application for Federal Student Aid (FAFSA). These changes are part of the FAFSA Simplification Act and should benefit ...