Calculated Financial Need & Expected Family Contribution

Information you reported on your CSS Financial Aid Profile™ and FAFSA is used to estimate your family’s financial strength and your Expected Family Contribution (EFC). The EFC is an estimate of the amount you and your family are expected to contribute to your annual educational expenses. Those funds may come from current income, savings, and/or family borrowing.

Your calculated financial need is the difference between your annual educational costs and your Expected Family Contribution (EFC).

In short, your calculated financial need = Cost – EFC. Your financial aid award package cannot exceed this amount.

Learn more about managing college costs

Whatever the amount of your family’s share of the total costs, it’s critical that you and your family plan for this expense before you arrive on campus. For more information, see Your Plan for Managing BU Expenses and Four Steps to Managing the Cost of Your Education.