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How is the family contribution (EFC) calculated?

April 26, 2017calculated contribution EFC family

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How is the family contribution (EFC) calculated?

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The family contribution is calculated according to a federal formula. The parents’ income and assets (excluding the home) will be considered. The student’s income and assets will also be considered. The formula also takes into consideration household size, number in college and certain allowances. If you have unusual financial circumstances, you should contact the Financial Aid Office prior to completing the financial aid application.