Your EFC Number is Important, What Does It Really Mean?
Software Projects Financial Aid Awards Find the Most Generous Colleges On Your List
The FAFSA CSS PROFILE EFC Calculator is simple to use with explanations to each question for more accurate inputs on your part. The results can be integrated into our financial aid software which is part of our EFC Tune-UP™ Coaching Program.
College Financial Aid Calculator Overview
There are 9 basic screens;
- STUDENT INFORMATION
- PARENT INFORMATION
- TAX STATUS
- TAXABLE INCOME
- UNTAXED INCOME
- ASSETS
- STUDENT CONTRIBUTION
- PARENT CONTRIBUTION
- EFC ESTIMATE
Each screen has small circular icons with question marks. When clicked an explanation appears for what financial information should be entered. Some screens like taxable income also have “detail” boxes where when you click; another screen appears. As an example for income you can put your W-2 information from the form’s boxes.
Once you complete the sub-screen information for a “details” box that you check, at the bottom left, you can click “back”, you will go back to the major screen (one of nine) where you clicked on the “details” box.
Or at the bottom right “next” moves you to the next primary screen (the nine screens).
Once you are finished at the EFC Estimate screen (the last primary screen), go to the upper left, there you can click “Submit Data”.
Your information will be uploaded to our software. The information is encrypted so your privacy is safe.
Remember, do not include your Social Security numbers when you upload as that information is not necessary.
We will send you a complimentary FAFSA EFC calculation summary for your review, see sample.
Click Here To Receive Your FAFSA and CSS PROFILE EFC Report
You will be asked to enter a password: [email protected] (copy and paste)
Report Sample
When Should You Estimate Your FAFSA EFC Number?
We recommend you go through the calculation during the the freshman year and no later than fall of your sophomore year.
This provides time to initiate and execute any strategies without being in a big hurry.
Regardless if you missed the timing it is important to do it as soon as possible. Also remember that you will be filing each year during college, ideally before February 1st each year.
See mistake # 3 big financial aid mistakes.
EFC Calculator Software Provides College Evaluation Reports
College Affordability Comparison Sample
For our clients, after you upload your financial data through the online calculator, we examine possible strategies to lower your EFC. We then provide a “before/after” analysis report.
The financial aid calculator also provides a school comparison for financial aid awards based upon your computed EFC number. This report serves several purposes in our college coaching program.
- Inputs your EFC number projects financial aid awards by selected colleges
- Compare college affordability side-by-side, see which colleges provide more grant money
- Percentage of Freshman who returns, graduation rates 4-5-6 years
- Average student debt, required financial aid form
- Data used to evaluate student competitiveness with average freshman profile
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