EFC Calculators?

<p>Hi Guys</p>

<p>Where can I find the most current, accurate EFC calculators? Seems like some were a few years old?</p>

<p>thx</p>

<p>bob</p>

<p>Google EFC formula 2013, and you will get the link to a PDF document that has the official FAFSA formula. Print it out, and work through it on paper so that you can see what factors affect your own EFC.</p>

<p>Accuracy depends on the criteria selected. Several schools choose to assume the student will be selected for merit aid despite not asking for stats.
The</a> Integrated Postsecondary Education Data System - Net Price Calculator Requirement</p>

<p>Thanks but I used to use an online 4caster that was very accurate. I never heard of the net price calc. Is that Fafsa specific?</p>

<p>bob</p>

<p>Effective this application year, federal legislation requires that all colleges and universities receiving federal funding or accepting federal loans post a Net Price Calculator right on their website. Since this is the first year, no one knows for certain which are accurate, and which aren't. The operating assumption is that the more questions the calculator asks, the more accurate the results.</p>

<p>the net calc for my daughter's school only has new freshman or transfer students as choices; neither is what she is (senior)</p>

<p>bob</p>

<p>???</p>

<p>Your D is a senior in COLLEGE and attempting to transfer?</p>

<p>Or is she a senior in HIGH SCHOOL? If so, then she's a "new freshman"</p>

<p>Students are either "new freshman" (coming into college) or transfers.</p>

<p>Sorry, senior in college ( 4th year same school)</p>

<p>steelgtr -</p>

<p>Are you trying to figure out what kind of aid your daughter will receive for her last year of college? If that is the case, just pick up the phone and call the financial aid office. Better yet, ask your daughter to do that. She's the one who is right there on campus!</p>

<p>All I really want is an accurate, thorough online FAFSA calculator like I have use every year!</p>

<p>bob</p>

<p>So I take it you haven't filed FAFSA yet? You can always update it if your taxes aren't ready.</p>

<p>Colllege Board has the best one I could find. EFC</a> Calculator: How Much Money for College Will You Be Expected to Contribute?</p>

<p>It sounds like your income or assets has changed, since you're not confident that your EFC will be the same as last year.</p>

<p>If you've been applying for aid every year at the same school, then you might try the NPC for transfers and then try the one for frosh and see what comes up.</p>

<p>I don't know which EFC calculator is the best. If the school doesn't meet need and you're beyond Pell grants or state aid, you may not get much beyond a 7500 student loan.</p>

<p>What aid has your D gotten in the past?</p>

<p>Has your income increased or decreased this last year?</p>

<p>What was your EFC last year?</p>

<p>If you want an online EFC calculator, use the one that cluelessof3 recommends at the College Board website. Every time I have run it, it has been to-the-dollar accurate for the FAFSA EFC.</p>

<p>Thanks, Guys!</p>

<p>Just what I needed to hear :)</p>

<p>bob</p>

<p>I don't see anywhere on the CB calc to enter other investments, stocks, bonds, etc??</p>

<p>bob</p>

<p>On the page for finances, there are two columns, one for parent income and assets, and one for the student income and assets. Scroll down that page a bit, and you will find a line that reads "Cash, savings and checking (enter total value of all accounts)" That is where your brokerage information goes. It is included with your everyday bank accounts.</p>

<p>I figured so. On the FAFsa, they break it down into 2 categories. No biggie :)</p>

<p>bob</p>