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Quick EFC Calculator Chart

This page presents a simplified chart showing approximations of the Expected Family Contribution (EFC). The results are only an approximation of the Federal EFC figure that is calculated when you file the FAFSA form. This chart is likely to be within $500 of the correct results for typical students. The chart also assumes two adults in the family, with the older parent 45 years old. Amounts are rounded to the nearest $50. EFCs that are potentially eligible for the Pell Grant are underlined.

This chart does not include student income and assets, which will increase the EFC by approximately 50% of student income and 35% of student assets.

The Simplified Needs Test has been omitted.
Automatic Zero EFC has been omitted.

2008-2009 Estimated Expected Family Contribution (EFC)
Number in College = 1
Annual
Income
Number in FamilyTotal Parent Assets
$25,000$50,000$75,000$100,000$125,000
$20,0003$0$150$850$1,500$2,150
4$0$150$850$1,500$2,150
5$0$150$850$1,500$2,150
$40,0003$2,300$2,450$3,150$3,900$4,750
4$1,400$1,600$2,250$2,900$3,650
5$550$700$1,400$2,050$2,700
$60,0003$6,350$6,650$7,950$9,350$10,750
4$4,950$5,200$6,250$7,450$8,850
5$3,850$4,100$4,950$6,000$7,150
$80,0003$12,950$13,300$14,750$16,150$17,550
4$11,050$11,450$12,850$14,250$15,650
5$9,300$9,700$11,100$12,500$13,900
$100,0003$19,100$19,450$20,900$22,300$23,700
4$17,400$17,750$19,150$20,550$22,000
5$15,800$16,150$17,550$18,950$20,400


Next Steps:
  • Search for Scholarships at FastWeb.com.
  • Consider education loans to help fill the gap. Remember to borrow federal first, as federal loans are cheaper, more available and have better repayment terms.
  • Don't overlook the education tax benefits such as the Hope Scholarship tax credit.

 

 
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