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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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Related Questions

How can one check on their FAFSA application online?

People can check their FAFSA application online by going to the FAFSA website and entering their ID information. This will take them to their application status.


How do you apply for FAFSA?

You can fill out the FAFSA application online at the link below, or you can fill out a paper FAFSA and mail it in.


What does FAFSA stand for?

FAFSA stands for Free Application for Federal Student AidFree Application for Federal Student Aid


What does it cost to submit the FAFSA?

The FAFSA is free to fill out and submit. FAFSA stands for Free Application for Federal Student Aid.


Which websites carry FAFSA calculators?

Go directly to the FAFSA website to find info on how much you could expect from your FAFSA application.


Can I check FAFSA application online?

Filling out the FAFSA application is the first step to qualifying for most college financial aid. The FAFSA can be submitted and checked electronically at http://www.fafsa.ed.gov/. Good luck with your studies!


Where can you get promotional codes for FAFSA?

FAFSA stands for Free Application for Federal Student Aid. Promotional codes are not needed to fill out the application because it is free for all students.


What are the application requirements and procedures for FAFSA?

The application requirements and procedures for FAFSA can be found on their website and require your financial information like tax returns and employment income information.


How do I fill out my FAFSA application form?

You can fill your FAFSA application form by mail by requesting the form from your guidance counselor or printing it out online OR you can complete it online at http://www.fafsa.ed.gov/


What is the FAFSA for westwood college?

The Free Application for Federal Student Aid (FAFSA) process is the same for every college.


What is a FAFSA test?

The FAFSA is not actually a test. FAFSA stands for Free Application for Federal Student Aid. It is an application you fill out to find out how much financial aid you are eligible for for college. You and/or your parents/guardians will need to fill out taxes first. While the application does have a lot of questions, you will know all the answers.


What does FAFSA pay for?

That Free Application for Federal Student Aid (FAFSA) determines your financial need for college. The FAFSA itself does not help you pay for college, rather it is an application that will determine if you qualify for assistance for college from federal student loans or grants. A FAFSA is also required for most scholarships that are needs based.