EFC Explained A Simplified Approach to Understanding Your Contribution

The Expected Family Contribution (EFC) is comprised of two components: a parent contribution and a student contribution. After various allowances (i.e. ... EFC stands for Expected Family Contribution. It is a figure determined by the information you provide on the FAFSA, which takes into account you and your ... developed by Congress to determine your EFC. The EFC is a number which is a measure of your financial strength and used to determine your federal student ... The EFC is used to determine the student's level of demonstrated need and overall eligibility for aid; this will appear on your offer letter from the University ... Perhaps the most important one to know is EFC, otherwise known as Expected Family Contribution. Your EFC is a monetary number that is ... EFC = Expected Family Contribution. It's a number colleges use to figure out your #FinancialAid AND it's good to know when comparing your ... Expected Family Contribution is a measure of a family's financial strength, which is used to determine a student's eligibility for financial aid. The EFC is ... Generally speaking, families want a lower EFC since that means they can qualify for more financial aid and potentially pay less out-of-pocket for higher ... The Expected Family Contribution (EFC) is a calculation used by colleges and universities to assess a student's financial need and determine ... In this first of this three article series on EFC, I will explain to you how EFC is calculated, what it means, and how schools use the EFC in determining how ...