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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 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.
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.
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.
How much is it if my efc says 005832?
If your Expected Family Contribution (EFC) is 005832, it typically means that your family is expected to contribute $5,832 toward your education expenses for the academic year. This figure is used by colleges to determine your financial aid eligibility. The actual cost of attendance and the amount of financial aid you may receive will depend on the specific institution and your individual circumstances.
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 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.
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 efc 000120 mean on a FAFSA?
EFC 000120 on a FAFSA refers to the Expected Family Contribution (EFC) value, which indicates the amount the family is expected to contribute toward a student's education for the academic year. An EFC of 120 suggests that the federal financial aid system estimates the family can contribute $120. This number is used to determine the student's eligibility for federal financial aid programs, such as grants, loans, and work-study opportunities.
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.
How much is it if my efc says 005832?
If your Expected Family Contribution (EFC) is 005832, it typically means that your family is expected to contribute $5,832 toward your education expenses for the academic year. This figure is used by colleges to determine your financial aid eligibility. The actual cost of attendance and the amount of financial aid you may receive will depend on the specific institution and your individual circumstances.
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 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 number of 00995 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 if EFC is 00739?
If EFC (Expected Family Contribution) is 00739, it indicates that the family is expected to contribute $739 towards a student's college expenses for the academic year. This figure is used in financial aid calculations to determine the amount of need-based aid the student may receive. A lower EFC generally suggests a greater financial need, potentially qualifying the student for more aid. It's important to consider this number alongside the total cost of attendance to understand the financial aid landscape better.
