What does the EFC cover?
The Expected Family Contribution is determined by the federal government. It is the amount your family contributes to your college education. When colleges establish a financial aid package for you, they balance your EFC with the total cost of attending the school, which includes tuition, fees, room and board, books, personal expenses, spending allowance, and travel allowance. Many colleges do not meet 100 percent of the need established in your financial aid form, which leaves you to pay your EFC and any gap between what the colleges offer and your EFC. You should check with all of the colleges that you are considering to see what percentage of need they will meet.
Related Questions
- Does Financial Aid cover the cost of dorms? I got accepted into Buffalo State College and I was wondering EFC for financial aid was $0 but will I still have to pay for housing?
- Does the purchase of 100% hospital cover guarantee that I will not have any out-of-pocket expenses for a private hospital visit?
- My efc number is 0, will financial aid cover all tuition and fees?
