Date: 7/25/2011 9:54 pm
When your FAFSA is processed, a formula is applied to the information you provided. The formula used to calculate your expected family contribution (EFC) is found on the first page of your Student Aid Report (SAR) and established by law to measure your family's financial strength on the basis of your family's income and assets. The EFC is used to determine your eligibility for federal student aid. If your EFC is below a certain number, you will be eligible for a Pell Grant, assuming you meet all other requirements.