(Actually the effect is bigger than just.12 to.20 because in the calculation for
EFC parental assets get 2 additional adjustments that reduce their effect even further.
Not exact matches
5.46 % of
parental assets count towards the
EFC (expected Family Contribution).
The calculation of your
EFC is made up of
parental assets and student
assets if the student is still a dependent.
The application process takes into account
parental assets and income along with the student's
assets and income and then determines an «Expected Family Contribution» number (
EFC).
Parental assets are assessed at a maximum 5.64 % rate when determining your Expected Family Contribution, or
EFC.
When calculating the student's
EFC, up to 5.64 % of
parental assets are counted.