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Quick Calc EFC Estimator
Estimate College Costs
Colleges use the FAFSA and PROFILE forms to determine your EFC or Expected Family Contribution, which is the total amount of money your family is likely to pay for each year of college, for any college. Estimating your EFC is the first step toward optimizing your financial aid situation.
QuickCalc estimates your EFC using the 10 variables with the greatest impact on the FAFSA and PROFILE. You can use rough guesses if you don't have the exact numbers.This estimate is based on 2010-2011 formulas.
How many people live in your household
Student's total income
Parents' marital status
All parent information refers to custodial parent.
Age of older parent
Parents' total income
Parents' U.S. income tax paid
Parents' untaxed income
Parents' non-retirement assets (
Parents' value of home equity
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Cash, checking, savings
The net value of second homes and rental properties (market value minus debt).
Investments such as stocks, bonds, mutual funds, and 529 plans (minus cost of liquidation- capital gains taxes, brokers' fees, etc.)
Any retirement assets such as IRAs, 401Ks, etc.
Value of your home
Stock options you have yet to exercise