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EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college.
Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance.
Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
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What does 0000 EFC mean on your FAFSA?
EFC stands for expected family contribution. Having an EFC of 0 just means that your family is expected to contribute $0 towards your education. It means you'll get more aid.
What does financial need mean on FAFSA?
When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.
What does it mean if your efc number is 00000 on your fafsa?
It means that your college will be paid for like 95% or maybe even 100%
What does it mean if your EFC number is 0 on your FAFSA?
EFC stands for "Expected Family Contribution". Receiving a zero mean that based on the information that you provided while filling out your FAFSA, the government does not think that your family will be able to help you out with paying for your education. This allows you to be in the running for many grant, scholarships, and financial aid from your school.
What does a EFC of 00000 on FAFSA indicate?
You'll get the Pell Grant, Work Study and Loans. For the Pell Grant you'll get the max which is $5,500 for the year.
What does 0000 EFC mean on your FAFSA?
EFC stands for expected family contribution. Having an EFC of 0 just means that your family is expected to contribute $0 towards your education. It means you'll get more aid.
What does it mean if your EFC number is 12126 on your FAFSA?
This number indicates that you are not eligible for any pell grants.
What does financial need mean on FAFSA?
When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.
Is the EFC on the FAFSA for the entire school year?
Yes, the EFC on the FAFSA is for the entire school year. EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
Can you choose what school gets your EFC?
Yes, you can choose which schools receive your Student Aid Report (the results of your FAFSA).
What does it mean if your efc number is 00000 on your fafsa?
It means that your college will be paid for like 95% or maybe even 100%
What does it mean if your EFC number is 0 on your FAFSA?
EFC stands for "Expected Family Contribution". Receiving a zero mean that based on the information that you provided while filling out your FAFSA, the government does not think that your family will be able to help you out with paying for your education. This allows you to be in the running for many grant, scholarships, and financial aid from your school.
Is 11 a good EFC number on your FAFSA?
EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
If you have applied to an online college and completed your FAFSA with an EFC of 1354 is this a good EFC number to attend an online college?
EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
What information is sent to schools from the FAFSA?
The FAFSA sends a Student Aid Report (SAR) to schools, which includes the Expected Family Contribution (EFC) and the financial information provided on the FAFSA form. Schools use this information to determine a student's eligibility for financial aid.
For FAFSA If my parents AGI is 415000 and they paid 13000 in taxes what is the EFC for my college?
You will need to fill out the FAFSA so you can find out what your number will be for sure. EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
What does a EFC of 00000 on FAFSA indicate?
You'll get the Pell Grant, Work Study and Loans. For the Pell Grant you'll get the max which is $5,500 for the year.
