My EFC is 1587 what does that mean?
EFC stands for Estimated Family Contribution. This is what FAFSA estimates that your family can contribute to he cost of your education per year. So the amount of your EFC would be deducted from the COA (cost of attendance) which is based on your school and whatever balance is left over is what the government bases it’s determination for grants and such. For example….. Your COA (tuition,fees,room &board etc)……………10,000 Your EFC (estimated family contribution)………. 1,000 ___________ Student need (your balance)………………………… 9,000 based on this amount you will be awarded grants and student loans…. Depending on the cost of hte school you attend and your location, you may end up paying nothing at all. If you are attending a pricier school you may need to take out student loans (private and/or federal) to cover the remaining amount . I attend commuity college with an EFC of $1110. But, because my school tuition is so low I pay nothing to attend school and
