<p>For those who want to try out the exact formula: go to <a href="http://www.studentaid.ed.gov%5B/url%5D">www.studentaid.ed.gov</a>
search for efc formula dependent student. You will find a PDF file that you can print out. It's a total of 35 pages but all you need is pages 9-11 and 17-20. For public schools you will get your actual EFC.</p>
<p>great link for reference</p>