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EFC is per college student and it should be figured out each year for each student. 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 else can I help you with?
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 EFC 5004 mean?
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 EFC stand for?
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 a efc 046965 mean?
The code "EFC 046965" typically refers to an Estimated Family Contribution (EFC) number used in the context of financial aid for college students in the United States. This number is calculated based on the information provided in the Free Application for Federal Student Aid (FAFSA) and indicates the amount a family is expected to contribute toward a student's education. A lower EFC suggests a greater financial need, which can impact the types and amounts of financial aid a student may receive.
What does it mean if your efc number is 00114 on your fafsa?
Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive.Typically, the lower your EFC, the more financial aid you will receive.Once you know your EFC, you can estimate the amount of financial aid you are eligible for at any college: Simply subtract your EFC from the college's total cost of attendance. Once you know how much financial aid you may receive, you can begin to compare the cost of attending different colleges.
What does an EFC number of 000040 mean?
An Expected Family Contribution (EFC) number of 000040 indicates that a family is expected to contribute $40 toward college expenses for a given academic year. This low EFC suggests that the family may qualify for significant financial aid, including grants and scholarships, as it reflects a limited ability to pay for college. The EFC is calculated based on various factors, including income and assets, as assessed by the FAFSA (Free Application for Federal Student Aid).
How much financial aid will a student receive if the EFC number is 2684?
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.
Explain what you think is the difference between the SAR and the EFC?
Your SAR is your Student Aid Report which is a report of everything you filled out on the FAFSA. Your EFC is on the SAR. 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 an EFC of 01531 mean?
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 an EFC of 002572 equal to in dollars?
An Expected Family Contribution (EFC) of 002572 typically represents a contribution of $2,572 towards a student's college expenses for a given academic year. This figure is used by colleges and universities to determine a student's financial aid eligibility. The lower the EFC, the greater the financial need, potentially leading to more aid options.
What does EFC on the FAFSA mean?
== == According to the FAFSA FAQ: The Expected Family Contribution (EFC) measures your family's financial strength and is used to determine your eligibility for federal student aid during one school year. Your EFC will be displayed on your Student Aid Report (SAR) after your FAFSA is processed. The information you reported on your Free Application for Federal Student Aid (FAFSA) is used to calculate your EFC. The school uses the EFC to determine your federal student aid eligibility and financial aid award. Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive. For more information, you can visit the financial aid office at your school or look at Funding Education Beyond High School: The Guide to Federal Student Aid at studentaid.ed.gov/students/publications/student_guide/index.html. Or, you can request a free copy of Funding Education Beyond High School: The Guide to Federal Student Aid by calling the Federal Student Aid Information Center. Refer to the Customer Service page for contact and assistance information.
What does it mean if your EFC number is 00338?
EFC = Expected Family Contribution It means that the federal government calculates that your family should be able to contribute $3382 per year to the cost of college. This is based on the FAFSA (Free Application for Federal Student Aid) that you and your parents completed. You have to do a new FAFSA each year. If you complete it online using a PIN, you get your EFC in less than a week. www.fafsa.ed.gov
