0
What is the amount expected for contribution if your EFC is 01583?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What does 0000 EFC mean on your FAFSA?
EFC stands for expected family contribution. Having an EFC of 0 just means that your family is expected to contribute $0 towards your education. It means you'll get more aid.
My EFC number is 40 is that good or bad?
Great! EFC = Expected Family Contribution You and your family are only expected to contributed $40 per year. This is not the actual figure, but one your school will use to determine how much and what kind of aid you get.
What does financial need mean on FAFSA?
When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.
What does it mean if EFC is 280?
EFC stands for Estimated Family Contribution. An EFC of 280, means that the government is expecting your family to be able to contribute 280 dollars to your education. Scholarships and Financial Aid offices base the amount of money they give you on this number. The lower the number the more financial aid you can receive.
Is the EFC the amount you will get from the FAFSA?
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.
What does it mean if your efc number is 002668 ?
An EFC number is the "expected family contribution", or the amount a family is expected to pay for their student's college education. It short, the EFC has an effect on how much federal grant money you will be given for college expenses.
What does 0000 EFC mean on your FAFSA?
EFC stands for expected family contribution. Having an EFC of 0 just means that your family is expected to contribute $0 towards your education. It means you'll get more aid.
My EFC number is 40 is that good or bad?
Great! EFC = Expected Family Contribution You and your family are only expected to contributed $40 per year. This is not the actual figure, but one your school will use to determine how much and what kind of aid you get.
What does EFC 5004 mean?
EFC stands for Expected Family Contribution, which is the amount of money a student's family is expected to contribute towards their education expenses. The number 5004 represents a specific dollar amount that has been calculated based on the student's family's financial information and the government's formula for determining financial need. This means that the student's family is expected to contribute $5004 towards their education expenses.
What does an EFC of 01531 mean?
An Expected Family Contribution (EFC) of 01531 means that the student's family is expected to contribute $1,531 towards their education expenses for the academic year. This amount is used to determine their eligibility for financial aid programs.
What does an EFC number of 00995 mean?
An Expected Family Contribution (EFC) number of 00995 means that the family is expected to contribute $9,995 towards their child's education for the given year. This amount is used to determine eligibility for need-based financial aid, where a lower EFC generally indicates a greater financial need.
What is the estimated Expected Family Contribution EFC range?
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.
What does it mean if your EFC number is 09092?
The financial aid office at your school will determine how much financial aid you are eligible to receive. Your Expected Family Contribution (EFC) and other information will be used to determine your aid eligibility. Note: Your EFC is not the amount of money your family will have to pay for college noris it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive.
What does financial need mean on FAFSA?
When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.
What does it mean if EFC is 280?
EFC stands for Estimated Family Contribution. An EFC of 280, means that the government is expecting your family to be able to contribute 280 dollars to your education. Scholarships and Financial Aid offices base the amount of money they give you on this number. The lower the number the more financial aid you can receive.
Is the EFC the amount you will get from the FAFSA?
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.
What does the expected family contribution number mean on the FAFSA?
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.
