Find an EFC calculator online.
Calculate student's net assets by adding student's cash, savings and checking balances with any real estate, business or farm he or she owns. Subtract any real estate or other investment debt, business debt, and farm debts from the first total. Enter this amount in the online calculator.
Calculate student's pre-tax earned income, pre-tax unearned income and U.S. taxes paid. Enter this information along with information about student's dependence status, state of residence, family size and number of people in college in student's family.
Repeat steps two and three with parent or guardian information. Information about parent(s) or guardian(s) income, age and state of residence is required.
Calculate EFC by clicking "Continue" or "Finish" depending on which website's calculator you use.