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What does it mean if your EFC is 238 on FAFSA?

Jodi Brooks

in Student Loans

1 answer

1 answer

Chelsea Hayes on April 2, 2018

The EFC represents the Expected Family Contribution. The is an index number that college financial aid staff use to calculate the amount of financial aid you are eligible to receive, and ifor go to your school. Your EFC is discovered after you inform about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and the number of family members attending college. The university figures of how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not the amount of financial aid you will receive, or how much money you will have to pay for college.

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