Скачать или смотреть How Does Expected Family Contribution (EFC) Determine Financial Need? - The Student Loan Pros

How Does Expected Family Contribution (EFC) Determine Financial Need? Are you curious about how colleges determine the financial aid you might receive? In this video, we explain the role of the Expected Family Contribution (EFC) and how it influences your financial aid options. We’ll cover what the EFC is, how it’s calculated based on the information you provide on the FAFSA, and what factors are considered, such as family income, assets, family size, and college attendance. You’ll learn how colleges use your EFC to assess your financial need by subtracting it from the total Cost of Attendance, which includes tuition, housing, books, and other expenses. We’ll also discuss how a lower EFC can increase your eligibility for grants like the Pell Grant, and how a higher EFC might affect the amount of aid you qualify for. Additionally, we’ll introduce the upcoming change to the Student Aid Index (SAI), which replaces the EFC starting from the 2023-2024 academic year and can even be negative for some families. Understanding how the EFC works is essential for planning your college finances and making informed decisions about student loans and aid packages. Join us to learn everything you need to know about navigating the financial aid process and securing the support you need for your education journey.

⬇️ Subscribe to our channel for more valuable insights.

🔗Subscribe: https://www.youtube.com/@TheStudentLo...

#StudentLoans #FinancialAid #EFC #FAFSA #CollegeFunding #FinancialPlanning #CollegeCosts #PellGrant #StudentAid #CollegeFinance #FinancialHelp #EducationFunding #CollegeExpenses #StudentLoansHelp #MoneyManagement

About Us: Welcome to The Student Loan Pros! Our channel is dedicated to providing essential information on navigating the world of student loans. From understanding the differences between federal vs. private student loans to mastering FAFSA application tips, we cover everything you need to know.