| Publication Date: November 28, 2006 Author: G. Kay Jacks, General Manager, Application, Operations and Delivery Services, Federal Student Aid Summary: Availability of 2007-2008 Expected Family Contribution (EFC) Formula Guide Posted on 11-28-2006 The U.S. Department of Education is pleased to announce the posting of the 2007-2008 EFC Formula Guide, which includes Expected Family Contribution (EFC) worksheets and tables for the 2007-2008 processing cycle. The worksheets and tables in this guide can be used to calculate an estimated EFC for students. The methodology for determining the EFC is found in Part F of Title IV of the Higher Education Act of 1965, as amended (HEA). The 2007-2008 EFC Formula Guide is available in PDF format on the Department's Information for Financial Aid Professionals (IFAP) Web site, located at http://ifap.ed.gov. For readers who are viewing this message electronically on IFAP, the guide is provided as an attachment to this message. Otherwise, to view, print, or download the document from IFAP, go to http://ifap.ed.gov and click on "Application Processing Materials" from the right side of the home page. If you have any questions regarding this message, contact CPS/SAIG Technical Support at 800/330-5947 (TDD/TTY 800/511-5806), or by e-mail at CPSSAIG@ed.gov. |