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What does the EFC number mean on FAFSA?

Craig Stewart

in Student Loans

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Justin Parker on November 19, 2018

\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 EFC means Expected Family\nContribution. The is an index number\nthat the college financial aid staff use to calculate the amount of financial aid you\n 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\nfamily’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


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