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Determination of Need
Determination of NeedThe Government wants to determine what the student and family can reasonably be expected to contribute toward the cost of education. The FAFSA collects financial information from the parents and/or the student. The government uses standardized formulas to determine an expected family contribution (EFC). The EFC is subtracted from the cost of attendance to determine the amount of assistance a student is eligible to receive.
Cost - Family Contribution = Need