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What does the term EFC stand for?

April 26, 2017EFC stand term

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What does the term EFC stand for?

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The term EFC stands for: Expected Family Contribution. Your Expected Family Contribution (EFC) is the number that’s used to determine your eligibility for federal student aid. The EFC is not the amount of money that your family must provide. Rather, you should think of the EFC as an index that colleges use to determine how much financial aid you would receive if you were to attend their school. Source: FAFSA4Caster website Focus Player • What is an Award Notification Letter? An Award Notification Letter is a letter notifying financial aid applicants of the types and amounts of aid offered, as well as the responsibilities and conditions of each award. Focus Player • How are students selected for Verification? Students are selected at random or by system edits at the U.S. Department of Education. If you are selected for verification, you must submit tax returns and other proof of data provided on the FAFSA. A quick response to any request for documentation will help expedite the process.