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  1. Step 1
  2. Step 2
  3. Step 3
  4. Step 4
  5. Step 5
  6. Step 6
  7. Step 7

Step 3: How much will colleges expect me to pay?

EFC Calulator

Finances

Please complete the following form. If you need help as you go through it, use the question-by-question tips and the worksheets provided.

Federal and Institutional Methodologies

Dependent Student

2011 Income
    Parents' Info   Student's Info    
Adjusted gross income(AGI)
 
 
$   Worksheet
 
 
$   Worksheet
 
?
Earnings from work
Parent 1  
$
$
?
Taxable combat pay included in AGI
 
$
 
$
 
?
Untaxed income/benefits
 
$   Worksheet
 
$   Worksheet
 
?
Parents' untaxed social security benefits received for all family members except the student
$
  ?
Other income (the total of Earned Income Credit, tuition and fees deduction, additional child tax credit, basic military housing benefits, and foreign income exclusion)
$
  ?
Child support paid
$
  ?
Education Tax Credits
$
$
?
Student work study earnings/financial aid/co-op income
 
$
?
Receive Federal Means-Tested Benefits?
  
  ?
Dislocated worker?
  
  ?

Allowances

U.S. income taxes paid   $   $ ?
Medical/dental expenses
$
  ?

Assets

  $   $   ?
$   ?
$ $ ?
$ $ ?
Business equity
$
$
?
Do you have more than 100 FTE employees?
  
  
?
Farm equity
$
$
?
Do you live on the farm?
  
  
 
Trust value
 
$