Estimate Your College Costs The Ultimate Guide to EFC

The EFC is a measure of how much the student and his or her family can be expected to contribute to the cost of the student's education for ... Expected Family Contribution (EFC) is a measure of your family's financial strength and then to determine you eligibility for financial aid. Your EFC is the total you and your family can reasonably afford to contribute to your college costs, per the U.S. government's determination. The overall average EFC is about $10,000, with an average of about $6,000 for students at community colleges and $14,000 at 4-year colleges. The Expected Family Contribution (EFC) was an index number used to determine your eligibility for federal student financial aid. It has been replaced by the ... The EFC is calculated using a standardized formula based on financial information reported on a financial aid application(s). Tulane uses two standardized ... The FAFSA uses a number called the expected family contribution (EFC), which is based on the financial information you provide. Low-income families can have an EFC as low as $0. That's the automatic EFC of families making an adjusted gross income of less than $24,000. An EFC of $0 means ... FAFSA EFC simply stands for Expected Family Contribution. Let's go through a quick process of how you get around to figuring out or receiving your EFC amount. This demonstrates how much of a family's or individual's financial resources can realistically be directed towards educational costs. The EFC is figured on the ...