How
to Calculate the Cost of College
Calculate your Expected Family Contribution (EFC)
The EFC is calculated based on your family’s income, your status
as a student, size of your family, the State you live in, the number
of family members in college, and other information. The EFC is
the minimum amount of money you should expect to pay from cash savings
or loans to attend a college or university.
To estimate your EFC, go to the FAFSA4caster:
(https://fafsa4caster.ed.gov/FOTWWebApp/fotw0708/FFOTWServlet):
- Enter your personal information (name, Social Security number,
date of birth) and create a password. Click on “NEXT” at
the page bottom.
- Step through the pages of the FAFSA4caster and answer the questions
and click on “NEXT” to move to the page. The FAFSA4caster
will take about 30 minutes to complete. Questions you will answer
include:
• Information
about the student
• Student status
• Parents' Information
• Student's finances
• Student's college
plans
After entering all required information, click on “SUBMIT
MY FAFSA4CASTER”
Check the information shown and click on “NEXT.”
Your EFC will be provided. |
