What is an EFC and how is it used to determine my eligibility for financial aid?
When you file the FAFSA, the information that you report is used to calculate your Estimated Family Contribution (EFC). Your EFC is the amount of money the federal government assumes that you and your family can pay for a year of school. Your EFC is used in determining your financial need (Cost of attendance – EFC = Financial need). Depending on your costs and for what aid you qualify, your out of pocket costs may be more than your EFC.
Related Questions
- This calculator cannot be used to determine HOPE Scholarship eligibility; contact the Financial Aid Office for assistance. Back to Top Whats an Advisor Hold and does every student have one?
- This calculator cannot be used to determine HOPE Scholarship eligibility; contact the Financial Aid Office for assistance. Whats an Advisor Hold and does every student have one?
- What is an EFC and how is it used to determine my eligibility for financial aid?
