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# How much money can you get for financial aid based on your EFC on the FAFSA?

Annie Barnes

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#### 1 answer

Nicholas Rivera on May 13, 2018

\n \n \n \n \n \n\n EFC means Expected Family\nContribution. The is an index number\nthat the college financial aid staff use to calculate the amount of financial aid that you\nare eligible to receive if you go to your school. Your EFC is figured out after you report\ninformation about your specific situation on the FAFSA. It is based on a formula established by\nlaw. This formula considers your\nfamilyâs taxed and untaxed income, assets, benefits, family size, and the number of\nfamily members who attend the university. \n\n Your school figures on how much\nneed based on the help that you will receive by subtracting your EFC from your Cost of\nAttendance. \n\n Your EFC is not how much you\nfinancial aid that you receive, or how much money you will have to pay\n of the university. \n\n \n \n Normal \n 0 \n \n \n \n \n false \n false \n false \n \n en-US \n X-NONE \n X-NONE \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n