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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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What is the highest efc?

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


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.


What does 082856 mean for the efc number on the fafsa?

The number 082856 represents the Expected Family Contribution (EFC) calculated from your FAFSA application. The EFC is used to determine your eligibility for federal student aid, including grants, loans, and work-study programs. A lower EFC indicates a greater financial need, which can qualify you for more financial assistance. Each institution may use the EFC to tailor their financial aid packages to your specific circumstances.


What does efc 014199 mean on fafsa?

The code "EFC 014199" on the FAFSA refers to your Expected Family Contribution (EFC) calculated by the FAFSA system. This number represents the amount your family is expected to contribute toward your education for the academic year. A lower EFC indicates a greater financial need, which can impact your eligibility for federal and state financial aid programs.

Related Questions

What is 4198 to the nearest 100?

4198 to the nearest 100 = 4200


What is the highest efc?

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


What are the release dates for The Bold and the Beautiful - 1987 1-4198?

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Tell you a clubpenguin membership code?

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

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


What is 4198 to the nearest 10?

To round 4198 to the nearest 10, we look at the digit in the tens place, which is 9. Since 9 is greater than or equal to 5, we round up. Therefore, 4198 rounded to the nearest 10 is 4200.


How tall are the Grand Tetons?

13,770 feet (4198 m)


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.


Is it better to have a lower or higher EFC number?

! Your EFC (estimated family contribution) number is used to determine your eligibility for federally sponsored financial aid. The university will subtract your EFC number from the total cost of attending that school to determine how much aid you should receive. Generally, the lower your EFC number, the more financial aid you will be eligible to receive. Source: http://www.salliemae.com/get_student_loan/apply_student_loan/understanding/efc/


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.


Who is better LFC your EFC?

LFC


What is the market cap for Ellington Financial LLC EFC?

As of July 2014, the market cap for Ellington Financial LLC (EFC) is $605,259,232.50.