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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. If any of these things has changed, this could be why your EFC changed.
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 is the highest efc?
The highest EFC that can be calculated is 99,999.
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 if your EFC is 308 not 0?
That means the expected family conribution "EFC" amount is $308. It's basically what the government thinks your family should be able to pay or contribute for college. So the lower your number is the more financial aid you would recieve.
What does it mean if your efc number is 49 on your fasfa?
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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 is the highest efc?
The highest EFC that can be calculated is 99,999.
In what year did Ellington Financial LLC - EFC - have its IPO?
Ellington Financial LLC (EFC)had its IPO in 2010.
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.
Is it better to have a lower or higher EFC number?
! Your EFC (estimated family contribution) number is used to determine your eligibility for federally sponsored financial aid. The university will subtract your EFC number from the total cost of attending that school to determine how much aid you should receive. Generally, the lower your EFC number, the more financial aid you will be eligible to receive. Source: http://www.salliemae.com/get_student_loan/apply_student_loan/understanding/efc/
Who is better LFC your EFC?
LFC
What is the market cap for Ellington Financial LLC EFC?
As of July 2014, the market cap for Ellington Financial LLC (EFC) is $605,259,232.50.
What does it mean if your efc number is 002668 ?
An EFC number is the "expected family contribution", or the amount a family is expected to pay for their student's college education. It short, the EFC has an effect on how much federal grant money you will be given for college expenses.
What if your EFC is 308 not 0?
That means the expected family conribution "EFC" amount is $308. It's basically what the government thinks your family should be able to pay or contribute for college. So the lower your number is the more financial aid you would recieve.
What does it mean if your efc number is 49 on your fasfa?
#
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 00114 on your fafsa?
Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive.Typically, the lower your EFC, the more financial aid you will receive.Once you know your EFC, you can estimate the amount of financial aid you are eligible for at any college: Simply subtract your EFC from the college's total cost of attendance. Once you know how much financial aid you may receive, you can begin to compare the cost of attending different colleges.
What does it mean if EFC is 280?
EFC stands for Estimated Family Contribution. An EFC of 280, means that the government is expecting your family to be able to contribute 280 dollars to your education. Scholarships and Financial Aid offices base the amount of money they give you on this number. The lower the number the more financial aid you can receive.
