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What is the Expected Family Contribution (EFC) and how is financial need determined?

April 26, 2017contribution EFC family financial

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What is the Expected Family Contribution (EFC) and how is financial need determined?

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The EFC is calculated by the Federal Department of Education. It is based on information you report on the FAFSA. Belmont will use your EFC to determine your eligibility for any Belmont need-based money as well as any federal financial aid. Financial need is determined as follows: Cost of Attendance – EFC = Financial Need.