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Department of Education Announcement

2003-2004 EFC Formula and Tables Available

The Department of Education published the 2003-2004 EFC Formula and Tables in PDF format at http://ifap.ed.gov/efcinformation/attachments/0304EFCFormulaGd.pdf. There are three regular (full-data) formulas: "A" for the dependent student, "B" for the independent student without dependent(s) other than a spouse, and "C" for the independent student with dependent(s) other than a spouse. There are also simplified versions of each formula, with fewer data elements. Introductory material on the EFC Formula is also presented.

Posted December 12, 2002 on www.NASFAA.org, Web Site of the
National Association of Student Financial Aid Administrators
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