Additional Information

 

The Expected Family Contribution (EFC) is the sum of the Parent Contribution (PC) and Student Contribution (SC).

The amount of the Parent Contribution (usually calculated for dependent students only) is based on the information reported on the FAFSA such as income, net assets (excluding equity in primary residence), household size, parent age(s), the number of children in the family, and the number of siblings enrolled in college.

The Student Contribution is based on the student's income and assets as reported on the FAFSA.

 

Expected Family Contribution (EFC)

The Expected Family Contribution (EFC) is an estimated amount that you and, if you are a dependent student, your parents can theoretically contribute to your college expenses for an academic year. The EFC is not an amount for which you will be billed by the University and the University does not require that parents provide their student with that amount of support. The EFC is an index number used for determining financial aid eligibility.

The EFC is based on the U. S. Department of Education's Federal Methodology Calculation and is not determined by The University of Iowa Office of Student Financial Aid. This federal methodology assumes that the income, asset, family size, and other information you supplied on your Free Application for Federal Student Aid (FAFSA) are good predictors of determining the family's ability to contribute to the student's college education.

The EFC is calculated by the federal processor each year by using the information that was supplied on your FAFSA. Therefore, you must file the FAFSA each year that you wish to apply for financial aid.

To obtain an estimate of your EFC prior to filing the FAFSA, use the College Board's EFC Calculator.


If your EFC appears unmanageable for your family, it is possible to obtain non-need-based loans to replace the EFC.  These loans will be offered to you or your parents on your award notification.