What does an EFC of 11,085 mean on financial aid packets from colleges?
So, 11,085 means that the calculation shows that you would be expected to pay that much for the college in question. But it does not always mean that exactly. See the discussion below: FAFSA EFC – Understanding the Expected Family Contribution (EFC) What’s Your EFC and Why Does It Matter? By Ken Clark1, About.com See More About:efc2fafsa form3financial aid4scholarships5student loans6If there’s a number at the heart of the financial aid process, it’s the Expected Family Contribution or EFC. Ultimately, the lower this number, the more financial aid you’re likely to receive. Confusingly enough, the EFC on your FAFSA form7 doesn’t necessarily equal what you’ll be expected to pay. Most families pay something more or less than their EFC, depending on the availability of financial aid at their school. While the EFC seems mysterious, it is based on a preset formula that, in the case of Federal financial aid, is set by law. The EFC formula takes int
