What is an EFC?
• The EFC stands for “Estimated Family Contribution”. It is calculated by the Federal Government when you file the Free Application for Federal Student Aid. It takes into account such items as your tax information, your spouse’s or parents’ tax information (if applicable), your (and your family’s) assets, the number of people in your household, and the number of family members in college. The EFC is not the amount that you will have to pay. We use this amount to determine if you are eligible to receive Federal grants, work-study, and loans.
