answersLogoWhite

0

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.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

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.


What is efc 000160 on your fafsa mean?

EFC 000160 on your FAFSA refers to your Expected Family Contribution (EFC) calculated by the federal student aid system. An EFC of 160 indicates the amount that your family is expected to contribute toward your education for the academic year. This figure is used to determine your eligibility for federal financial aid, such as grants and loans. A lower EFC generally means you may qualify for more financial assistance.


Is - 2343 rational?

Yes, -2343 is a rational number because it can be expressed as the ratio of two integers, specifically -2343/1. Rational numbers include all integers, fractions, and any numbers that can be represented as a fraction where the denominator is not zero. Therefore, -2343 qualifies as a rational number.


What is the highest efc?

The highest EFC that can be calculated is 99,999.


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.


What time is 2343?

11:43pm


What is the square root of 2343?

48.4045452


What type of number is -2343?

The number -2343 is an integer, as it is a whole number that can be positive or negative. It is also a rational number, since it can be expressed as a fraction (-2343/1). Additionally, it is classified as a negative number because it is less than zero.


What does it mean if your efc number is 00000 on your fafsa?

It means that your college will be paid for like 95% or maybe even 100%


What if your EFC is 308 not 0?

That means the expected family conribution "EFC" amount is $308. It's basically what the government thinks your family should be able to pay or contribute for college. So the lower your number is the more financial aid you would recieve.


In what year did Ellington Financial LLC - EFC - have its IPO?

Ellington Financial LLC (EFC)had its IPO in 2010.


Where is the Texarkana Historical Society And Museum in Texarkana Texas located?

The address of the Texarkana Historical Society And Museum is: Po Box 2343, Texarkana, TX 75504-2343