6. Calculating Your Expected Family Contribution
I can tell you that the current formula for determining EFC has everything to do with political realities and nothing to do with the financial realities under which students and families live.
—Diane Auer Jones, former U.S. assistant secretary of postsecondary education
When parents ask me what schools will give their children a price break, I invariably ask them this question: Do you know what your Expected Family Contribution is?
Families can’t possibly start searching for schools that will be affordable to them until they obtain this figure. In the previous two chapters, I explained why your EFC is a critical number, and now you’ll learn how to discover your own.
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