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ISL Education LendingClass of 2023 - Set Your College Budget

Check out  this free online tool - College Funding Forecaster - and estimate your total out-of-pocket expense for your degree, and the amount you and your family need to borrow to pay for it. Knowing more now will help you make more informed decisions about your future. Get Started

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Expected Family Contribution

EFC stands for Expected Family Contribution. Your EFC is based on the information you provide on the FAFSA about your family income and assets, family size, and number of students in college. Colleges subtract your EFC from the cost of attendance to decide how much financial aid you can receive.

This chart shows how three colleges might assess a student's financial need.

  College A College B College C
Cost of Attendance (COA) $40,000 $21,000 $10,000
– Expected Family Contribution (EFC) (14,000) (14,000) (10,000)
= Financial Need $26,000 $7,000 $0
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