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Financial Aid News
2004-2005
EFC Formula Book Released
01/14/2004
- The EFC calculation guide for the 2004-2005 school year has now
been published. You can view this information about the EFC
Formula.
The
EFC formula is a complex math problem that is set forth by Congress
and the Department of Education that will calculate the amount of
money that is expected for you to put forth towards your education
that school year.
The
EFC will also determine if you are eligible for the Pell Grant and
other free money.
The
lower your EFC is, the better your chances are at a free education.
Finaid.org
had a great EFC
calculator to determine an estimated EFC before filing the FAFSA.
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