Publication Date: January 7, 2004
Author: General Manager, Students Channel, FSA ASEDS
Summary: Corrected 2004-2005 EFC Formula Worksheets and Tables
Posted on 01-07-2004
TO: All Destination Points
FROM: U.S. Department of Education
RE: Corrected 2004-2005 EFC Formula Worksheets and Tables
DATE: January 7, 2004
We discovered that there was an error in the 2004-2005 EFC Formula Worksheets previously provided. With this message we are providing the corrected version. We apologize for any inconvenience the error may have caused.
The EFC Formula Worksheets and Tables allow financial aid administrators to perform their own Estimated Family Contribution (EFC) calculations. Please note that the maximum EFC in order to be eligible to receive a 2004-2005 Federal Pell Grant has not been determined as of this posting.
The following corrections have been made to the document:
On line 20 on pages 9, 13, 29, and 31, we incorrectly stated that that total for line 20 was the sum of lines 16, 18, and 19. It is actually the sum of lines 16, 17, and 19. We changed the reference to line number 18 to line number 17.
On line 22 on pages 21 and 23 we incorrectly stated that the total for line 22 was the sum of lines 18, 20, and 21. It is actually the sum of lines 18, 19, and 21. We changed the reference to line number 20 to line number 19.
To download this document:
1) Go to http://IFAP.ed.gov.
2) On the IFAP Web site, look for "OTHER VIEWS" on the left side of the page and click on the "Current Publications" link.
3) On the next page, click on "EFC Formula Information."
4) On the following page, click on "By 2004-2005 Award Year."
5) Click on the "EFC Formula Book in PDF Format" link on the next page to view and/or print the document.
6) To save the document, click with your right mouse button on the "EFC Formula Book in PDF Format" link and a pop-up menu appears. If you are using Microsoft Internet Explorer, select "Save Target As
" from the menu, then browse to the folder where you want to save the file. If you are using Netscape, select "Save Link As
" from the menu, then browse to the folder where you want to save the file.
7) Once you have saved the file, open it using Adobe Acrobat Reader to view and/or print the document.
If you have any questions regarding the information contained in this document, please contact CPS/WAN Technical Support at 800/330-5947, or via e-mail at cpswan@ncs.com.