FAFSA

How much financial aid will a student receive if the EFC number is 2684?

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2013-03-19 18:00:46

EFC stands

for Expected Family Contribution.

The is an index number that college financial aid staff use to

figure out how much financial aid you are eligible to receive if

you go to their school.

Your EFC is figured out after you report information 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 number of family members

attending college.

Your

college figures out how much need-based aid you will receive by

subtracting your EFC from your Cost of Attendance.

Your EFC

is not how much financial aid you will receive, nor is it how much

money you will have to pay for college.


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