Student Finance Parental
Student finance in the US often involves a significant parental contribution, though the specific amount varies based on several factors. The Free Application for Federal Student Aid (FAFSA) is the primary tool used to determine a student’s eligibility for federal aid, and it considers both the student’s and their parents’ income and assets. This is called the Expected Family Contribution (EFC), even though it’s now technically called the Student Aid Index (SAI) under the simplified FAFSA.