Decoding EFC A Guide to Understanding Your Expected Family Contribution

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 FAFSA uses a number called the expected family contribution (EFC), which is based on the financial information you provide. 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. EFC stands for Expected Family Contribution. Get key information about how your EFC affects your financial aid and student loans. Expected Family Contribution plays a key role in determining how much financial aid you can get from the federal government. 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. a dollar amount of aid you'll receive, · what your family is expected to provide, or · your final financial aid offer. Financial aid for college is calculated using your Student Aid Index, year in school, enrollment status, and cost of attendance at the school. 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 ... Expected Family Contribution. There are a few differences between SAI and EFC, such as elimination of the number of family members in college ...