The Expected Family Contribution (EFC) calculator previously helped in estimating the student and the family’s contribution towards the cost of attending college for an academic year. Beginning with FAFSA year 2024-25, the Student Aid Index (SAI) has replaced the Expected Family Contribution (EFC) formula. The SAI is similar to the EFC with a few different factors that will now be considered when determining the student’s aid.
SAI CALCULATOR REPLACING EFC CALCULATOR
The Expected Family Contribution (EFC) calculator is still available below to find calculations from previous years.
Prefer a quick estimate of your EFC instead? Try Finaid’s Quick EFC Calculator.
- Search for scholarships at Fastweb.
- Consider education loans to help fill the gap. Remember to borrow federal first, as federal loans are cheaper, more available, and have better repayment terms.
- Don’t overlook the education tax benefits such as the Hope Scholarship tax credit.
- Compare private student loan options or student loan consolidation options on Credible.com.