2007-04-30 12:12:33 · 4 answers · asked by Jasmine W 1 in Education & Reference ➔ Financial Aid
Yeah, estimated family contribution which means that's how much the government thinks your family can pay for you to go to college. You can still get financial aid up to the amount to where the billed amount can be $2, 384.
So in a perfect government situation you have
xxxx estmated cost of education
- xxxx financial aid
= $2,384 for you to pay
2007-04-30 12:22:56 · answer #1 · answered by Sean 2 · 2⤊ 0⤋
I do believe financial aid consists of grants, campus jobs, and low interest student loans. Therefore, the family contribution of 2384 might be more actually when you consider the loan component. If you are a winning student, at least one ivy league school gives straight grants as their financial aid. Princeton, if I recall right. Any one reading this please correct me if I misunderstand the financial aid thing.
2007-04-30 15:56:51 · answer #2 · answered by Madmunk 6 · 0⤊ 0⤋
It's called Expected Family Contribution and is compared to Cost of Attendance in your program of study to derive something called "unmet need." The EFC is the same regardless of the school you attend, and is used by the school to calculate eligibility for for need-based aid like grants. Because costs vary from program to program and school to school, you need to ask the specific school you attend what you qualify for in terms of aid.
2007-05-02 02:31:25 · answer #3 · answered by Bear B 4 · 0⤊ 0⤋
estimated family contribution
2007-04-30 12:19:42 · answer #4 · answered by donna 1 · 0⤊ 1⤋