Efc Fafsa Number Chart

Free Financial Aid Calculator for 2025-26. The Student Aid Index SAI, formerly known as Expected Family Contribution EFC, is a number calculated as part of the college financial aid process. It's determined when students submit their Free Application for Federal Student Aid FAFSA.

A good EFC number? The lower the number the better for financial aid qualification. Your EFC is Like an Index Number for Colleges. Colleges use your EFC Code to calculate your financial aid eligibility. Some people use a formula COA - EFC Amount You Pay but in reality this understates in most cases what you will pay.

These estimates are based on the Student Aid Index SAI, an index number used to determine federal student aid eligibility. This Is Not the Free Application for Federal Student Aid FAFSA Form With this tool, students can find out how much federal student aid they may be eligible for in the 2025-26 award year.

Note Beginning with the 2024-2025 school year FAFSA, which opened in December 2023, the Student Aid Index SAI will replace the expected family contribution EFC. The SAI will be listed on your FAFSA Submission Summary, replacing the Student Aid Report SAR. This article focuses on the Expected Family Contribution EFC for the 2023-24 FAFSA.

The Student Aid Index SAI replaced the Expected Family Contribution EFC when calculating financial aid needs for families paying for college. This is the key formula that can help unlock scholarships, grants, federal student loans and other financial aid. Both are calculated through formulas with information derived from the FAFSA form. The

Notice The 20242025 FAFSA permanently eliminated the Estimated Family Contribution EFC-the following information applies to the 2023-2024 FAFSA only. The EFC has been replaced by the Student Aid Index SAI.. There are lots of numbers to consider when thinking about paying for college.One of the most important numbers is your Expected Family Contribution, or EFC.

The numbers in the table are the results from using the Federal Student Aid Estimator for a family of four, with 50 being the age of the older parent, and only one child in college. If that's your situation, maybe it can give you some idea of what to expect. But I'll say it again, use an EFC calculator! Why THIS financial aid EFC chart. I

The Expected Family Contribution EFC is a number that determines students' eligibility for certain types of federal student aid. This number is calculated with the EFC formulas, which use the information that students provide on the Free Application for Federal Student Aid FAFSA form. Financial aid administrators FAAs subtract the

In 2024, the Department of Education updated their methodology for determining Student Financial Aid and introduced the Student Aid Index SAI and the FAFSA Submission Summary. These replaced the previously used, Expected Family Contribution EFC and the Student Aid Report SAR.

To further assist schools with the EFC calculation process, the 2023-2024 EFC Formula Guide contains EFC worksheets and tables for each formula A, B and C, which can be used to manually calculate an EFC or to see how the EFC is determined for each of the formulas. For items taken from the FAFSA form, the worksheets indicate the corresponding