Fed Financial
Financial Aid (FAFSA) and EFC??
i just filled out my Fafsa for 2007-2008 and it said that my EFC was 1217...what does that mean?? thank you!
Public Comments
- That is your expected family controbution... basically you (and/or your family) is expected to contribute $1,217 towards your education.
- That means "Expected Family Contribution" and refers to the dollar amount your parents are expected to kick in, and therefore dollars for which you won't qualify in grants.
- EFC is expected family contribution. It means that the college you are want to attend can anticipate you or your family paying $1,217 toward your tuition and fees for the next school year. If you work with your financial aid office, you may not need to pay anything with grants, scholarships and loans however.
- I'm not sure what that means, but you should ask your FAFSA office people.
- EFC stands for estimated family contribution. It is the amount of money the federal government thinks your family should contribute to your financial aid. It's a rough estimate that schools will consider when looking at your application.
- all the other answers are good changes in US rules on Student Aid for tuition began to allow for covering the cost of online classes six months ago - wonder how many have actually taken advantage of this change
