What are the fafsa/CSS profile EFC criteria?

Paying for College
1

<p>You fallout the fafsa, hit submit, and boom out pops an EFC. </p>

<p>I know that, for example, that student assets weigh more heavily than parent assets, but is there any site/resource that breaks down in some detail the relative weights of the various financial factors for fafsa and css?</p>

<p>How is income weighted versus savings versus home equity versus expenses versus etc.</p>

<p>I’d be interested in seeing how much of my EFC comes out of income and how much out of assets, for example.</p>

<p>I’m assuming such criteria exist or how else could they calculate the EFC.</p>

2

<p>For the Fafsa, they have a EFC Formula Guide with worksheets that you can work through to help you understand how the federal EFC is computed. Here is the link for 2012-2013:
<a href=“http://ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf&lt;/a&gt;&lt;/p&gt;

<p>For the typical student (dependent, full-time) the appropriate worksheet is on pages 9-10. </p>

<p>There are Tables that show how to figure out the following allowances: Income Protection Allowance, Education Savings and Asset Protection Allowance and Parent and Student Contribution.</p>

3

<p>I think this is what you are looking for.
<a href=“http://ifap.ed.gov/efcformulaguide/attachments/082511EFCFormulaGuide1213.pdf[/url]”>http://ifap.ed.gov/efcformulaguide/attachments/082511EFCFormulaGuide1213.pdf&lt;/a&gt;&lt;/p&gt;

<p>crossposted
;)</p>