Anticipating EFC for Divorced Parents

Question: As a non-custodial parent I'm trying to figure out how I will be able to determine or estimate the amount of my EFC. My daughter is just a high school sophomore now, but I would like to start preparing. How is the EFC calculated for the non-custodial parent using the CSS profile? Is this done in two parts--one EFC for the custodial parent and one EFC for the non-custodial parent?

As one financial aid expert has put it, "College financial aid officials don't want to be social workers." What that means for you is that they will compute your daughter's EFC based on a bunch of potentially complicated factors (more on that in a minute) and then give you the bottom line--a total. You and your ex must then duke it out to determine who pays what. In other words, there's nothing that says, "This is Dad's official share, and this is Mom's."

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