"The EFC chart, or Expected Family Contribution, is a chart showing the dollar figure used to determine eligibility for need-based financial aid. The EFC shows the amount that a family can reasonably be expected to use toward college costs (although it isn't always expected that the family will have this amount available). The EFC is based on a family's financial situation, including income and
. assets of the student and his or her parents (or, if the student is independent, the income and assets of the student and the student's spouse). To use the charts for a rough estimation of your family's expected contribution, you must choose specific figures in three categories: net assets (savings or other investments); family size (parents plus children); income (before taxes). For a more precise calculation see: www.fafsa4caster.ed.gov/"
