Friday, August 22, 2014
Tips on Reducing your EFC for more Efficient College Funding Services
"It’s never too early or too late to find ways to get financial help for your children’s education, especially as they step into college. If you want to get a good deal on reliable college funding services, you should make it a point to identify your expected family contribution or EFC which is based on your need for aid as specified in your Free Application for Federal Student Aid or FAFSA form. What is EFC? When you file your FAFSA, the government will assess your status based on your income, assets and other financial information, after which you will receive a Student Aid Report or SAR. This will contain not only a summary of the information you’ve submitted, but also the amount of your EFC, which is basically what the government expects you to be paying for college education costs."