<p>[Federal</a> Student Aid - IFAP: iLibrary - EFC Formula Guide](<a href=“http://www.ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide&awardyear=2010-2011]Federal”>http://www.ifap.ed.gov/ifap/byAwardYear.jsp?type=efcformulaguide&awardyear=2010-2011)</p>
<p>you can calculate your EFC with the actual formula. You can also play with the numbers and see the affects. For instance the frequently asked “how can I hide assets” question is shown to be ineffective unless your assets exceed your protected amount AND your income is low enough to get you a low (sub $4k) EFC</p>