QUICK NOTE: THIS HAS BEEN UPDATED FOR 2013, AND WILL BE UPDATED FOR 2014 BY MARCH 31, 2014
I love Stratagee software for advice on financial matters. But this one is a great reference table for those looking for a quick and easy way to calculate your Expected Family Contribution EFC based on a few simple factors.
A quick look at the table for 2012-2013 school year shows the changes in EFC calculation for this year, and is a great tool to judge where you and your family might fall and what to expect. Also, its critical to consider what type of school you attend. Some schools offer more aid based on their overall cost. But take the time to go to the site and check it out and see where you might fall this year.