New EFC (Expected Nearest and dearest Contribution) in your SAR (Pupil Aid Statement) is actually a way of measuring your own family members’ power to pay for college or university. The fresh school funding work environment establishes an installment out-of Attendance (COA). Financial need is a formal label for how far you prefer-built school funding you may be eligible for. Your financial need is calculated by deducting the brand new EFC away from COA.
When you have perhaps not obtained people service off both mother or father throughout the the past 1 year, utilize the most recent calendar year the place you acquired specific assistance regarding a pops or lived which have sometimes father or mother
With the intention that you to get you need-depending assistance, their Cost of Attendance should be more than the Asked Family relations Contribution.
When your moms and dads was broke up otherwise divorced, the fresh new custodial parent accounts for filling out the latest FAFSA. The latest custodial mother or father ‘s the father or mother which have whom you existed brand new really during the past 1 year. Read more