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How is my family contribution (estimated family contribution – EFC) calculated?

April 26, 2017calculated contribution EFC estimated family

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How is my family contribution (estimated family contribution – EFC) calculated?

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14. When a student completes and submits the FAFSA a calculation is automatically done based on the information provided. Your EFC is calculated as follows. 1. Student’s Income (will include spouse if applicable) – Expenses & Allowances = Available Income 2. Student’s Assets (will include spouse if applicable) – Debts Against Those Assets = Net Assets 3.