The Expected Family Contribution (EFC) is a measure of your family’s financial strength and is calculated according to a formula established by law. Your family’s income (taxed and untaxed), assets, and benefits (such as, unemployment or Social Security) are all considered in the formula. Also, considered are your family size and the number of family members who will attend college or career school during the year.
The information you reported on the Free Application for Federal Student Aid (FAFSA) is used to calculate your EFC. The school uses the EFC to determine your federal student aid eligibility and financial aid award.
Note: Your EFC is not the amount that your family will have to pay for college nor is it the amount of federal student aid that you will receive. It is a number used by the school to calculate the amount that your family will be expected to pay for college and the amount of federal student aid you are eligible to receive.
For more information about the EFC, see the Funding Education Beyond High
School: The Guide to Federal Student Aid
at: http://studentaid.ed.gov/students/publications/student_guide/index.html
To request a free copy of the Funding Education Beyond High School: The Guide
to Federal Student Aid, call the Federal Student Aid Information Center at
1-800-433-3243.
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