Under federal
student aid programs, parents
are considered primarily responsible
for paying for their dependent
student's education to the best
of their ability. This means that
the student and/or their family
will most often be responsible
for paying some portion of their
total education costs.
This amount is called the Expected
Family Contribution (EFC).
Eligibility for student aid is
determined, in part, by the difference
between what a student's family
can afford to pay and the cost
of attending a specific college
or university.
Every student aid report (SAR)
will reflect the EFC that has
been generated using the information
provided on the student's FAFSA.
It will appear in the upper-right-hand
corner of the SAR.
This is the amount the federal
government has determined that
the student and/or their family
will be able to contribute toward
the cost of the student's education,
including living expenses, for
one year.
The EFC is calculated by a standard
formula and is the same for all
schools to which a student might
apply for aid, no matter what
it costs to attend each school.
Certain schools may also request
additional information from students,
such as copies of their and/or
their parents' tax returns. We
recommend that students always
respond immediately to any requests
from their financial aid office,
as financial aid is typically
awarded on a first-come, first-serve
basis and funds are limited. Students
should not supply these additional
documents unless the financial
aid office requests them.
The PNC Education Loan Center
offers a
variety of loans that
help finance the
Expected Family Contribution.
Send us an e-mail
or contact our customer service
center to speak with an education
loan specialist at
800-762-1001, Monday through Friday from 8am to 6pm Eastern time.
Next
Step in the Financial Aid Application
Process:
|
