Family/Student Contribution Determinations
The FAFSA is used to gather
information about your financial resources and the resources of
your family. From this information a parent contribution (for
dependent students) and a student contribution are calculated.
These two figures together total the Expected Family Contribution
(EFC).
Parent Contribution: Annual income is not the
only factor considered in evaluating the parent contribution.
Your parent's age(s), assets, household size, and the number of
family members in college are also considered.
Student Contribution: You are expected to contribute
a portion of your after-tax income toward your annual education
expenses. A portion of your savings and other assets are also
considered.