Financial Aid Calculator

Financial aid eligibility is based on a student's financial need, which is the difference between the college's Cost of Attendance (COA) and the student's Expected Family Contribution (EFC).

  • The COA is based on tuition, fees, room, board, books, supplies, equipment, transportation to/from college and miscellaneous expenses.
  • The EFC is based on the student and parent income and assets, family size, number of children in college and other demographic factors.

This federal EFC is calculated based on the information reported on the Free Application for Federal Student Aid (FAFSA). Most colleges use the federal EFC for awarding their own financial aid funds in addition to government aid. Fewer than 200 colleges use a supplemental form called the CSS PROFILE to calculate an institutional EFC. These "PROFILE" colleges still use the federal EFC for awarding federal and state aid.

This calculator lets you estimate your child's EFC before you complete the FAFSA by answering a subset of the questions on the FAFSA. In most cases, a student with a lower EFC or higher COA will qualify for more financial aid. You can use the calculator to evaluate the impact of changes in income and assets on eligibility for need-based financial aid.

Questions

Are you married?
What is your annual adjusted gross income (AGI)?
What is your spouse's annual AGI?
What is your child's annual AGI?
How much do you have in non-retirement bank and investment accounts (excluding 529 plans and Coverdell ESAs)?
How much does your child have in non-retirement bank and investment accounts (including UGMA/UTMA and trusts, but excluding 529 plans and Coverdell ESAs)?
How much do you, your spouse, and your child have in 529 plans and Coverdell ESAs?
Where does your family reside?
How old will you be (or will your spouse be, if older) when your child enrolled in college?
How many members will you have in your household when your child enrolled in college (including that child)?