What is an EFC?
The EFC is a student’s Expected Family Contribution which is the amount of money according to the Federal formula a student or parent is expected to contribute toward educational costs. The EFC is based on the information you submitted on your FAFSA application. The EFC is not based solely on the income information you provided on your FAFSA. Other factors provided on the FAFSA are taken into account to calculate an EFC, such as household size, number of family members attending college, etc.
EFC stands for Expected Family Contribution. The data that you submit on the FAFSA is sent to a Federal processing center and entered into a mathematical formula called Federal Methodology. This formula computes an answer, and that answer is the EFC. Think of it as the dollar amount the Federal government believes your family can contribute toward educational expenses for one student for one year.
EFC stands for expected family contribution. The federal processor calculates this number based on the information you provide on your FAFSA. It represents how much you/your family can afford to pay toward your education for the academic year. The EFC is subtracted from your cost of attendance (COA) to determine your financial need. If you have any financial need, the Office of Student Financial Assistance will offer you need-based aid on your award notification.
