Efc sentence example

efc
  • This application will ask for information about your income and assets in order to determine your Expected Family Contribution (EFC), a measurement of your financial need.
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  • This allows your EFC code to take into account only your personal income, instead of the total household income.
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  • The federal government uses this information to determine the EFC, or expected family contribution.
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  • The academic institution that you choose will use the EFC, as well as other pertinent information, to determine the total aid that you can expect.
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  • Depending on the EFC, one of the grants for moms going back to school is the Pell Grant in the amount of $5,350 for 2010, and up to $5,500 for 2011.
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  • Once the FASFA is processed, an applicant will receive a Student Aid Report (SAR) by mail or e-mail that includes an EFC (Expected Family Contribution) rating.
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  • The EFC is a measure of your family's finances and determines how much the student will be expected to contribute toward the cost of college tuition.
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  • The EFC is subtracted from the cost of attendance at the school(s) which the student plans to attend to determine the applicant's eligibility for federal student aid.
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  • Your EFC, or Expected Family Contribution, is the amount of money that your family might be expected to give toward the cost of your college tuition and other costs, and an EFC Calculator can help you to determine your EFC number.
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  • In each case, the amount of money or college assistance that you are permitted to take is determined using a specific EFC calculator.
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  • Two main methods, or formulas, are used to find the EFC and the amount you might be expected to contribute and to receive for college expenses.
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  • The EFC calculator helps the agencies that are considering offering you financial aid to determine the financial strength of your family.
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  • Your overall income, your regular monthly expenses, and other items such as house payments and additional college tuition will all be taken into account when determining your EFC.
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  • Using the Federal Methodology (FM), you will have your needs and assets assessed by a Federal Government EFC calculator.
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  • That EFC number is then subtracted from the cost that you will pay for your college attendance.
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  • The EFC calculator will generally arrive at a reasonable figure that they feel you should be expected to pay for your own education.
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  • If for any reason you feel that the EFC you have been given is exorbitant or you cannot reasonably pay it, you do have the right to appeal the decision.
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  • Bear in mind that no EFC is written in stone.
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  • Each college may have a different amount that they feel you can reasonably pay, so the amount of your EFC will quite likely vary from school to school.
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  • The Board's College Financing Calculators will help you figure out your expected family contribution (EFC), the total price that you'll eventually have to pay, and how much money you may be able to get through loans.
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