The US Department of Education will calculate your Expected Family Contribution (EFC) according to their Federal Methodology formula.
The parent’s income and assets (excluding the home) will be considered. The student’s income and assets will also be considered. The formula also takes into consideration the household size, the number of family members attending college and certain other allowances. They will then send the student a Student Aid Report (SAR) indicating the student’s EFC.
The processing of the financial aid application will take approximately 72 hours or 3 business days.
If you have unusual financial circumstances, you should contact the Financial Aid Office at 704-461-7000 prior to completing the FAFSA.