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Expected Family Contribution (EFC) Financing your education is a partnership between you, your family, federal and state aid programs and UC Santa Cruz. The Expected Family Contribution is the amount that you and your parents are expected to contribute toward your education. It is calculated each year using a federal need-analysis formula applied to your (and your parents' if you are a dependent student) income, asset, and other information reported on the FAFSA. The EFC is not an actual amount that you and your parents will be billed for through UCSC. It is an approximation of the total amount you and your parents may have to contribute throughout an academic year to cover your educational expenses. It is based on information on your FAFSA such as income, savings and investments, family size and number of siblings in college. After you have been awarded financial aid for the year we recommend using our UCSC Budget Worksheet to assist you in determining your own individual budget/cash flow. If the Expected Family Contribution appears unmanageable for your family, the Financial Aid Office may be able to offer you non-need-based loans to replace the EFC. |
The amount of the parent contribution (calculated for dependent students only) is based on the information reported on your FAFSA and on information from verification documents we may request. The major factors we consider in determining the amount of the parent contribution are: income, net asset equity including cash, savings, checking, real estate, and business investments (but, excluding equity in primary residence; household size, parent age(s); the number of children in the family; and the number of siblings enrolled in college. Note: The parent contribution is considered a financial resource even if you do not receive the full amount from your parents.
The student contribution is based on your income and assets as reported on the FAFSA as well as on information from supporting documents we request. Students may earn money for their contribution during the summer or the school year. There are many jobs available on and off-campus. You may view job postings on-line at the UCSC Career Center: www2.ucsc.edu/careers, or phone (831) 459-4420 for more information.
If you or your family have unusual financial circumstances which were not reflected on your FAFSA, you may write a letter to the Financial Aid Office explaining and documenting the situation. |
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