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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.
EFC stands for Expected Family Contribution, which is the amount of money a student's family is expected to contribute towards their education expenses. The number 5004 represents a specific dollar amount that has been calculated based on the student's family's financial information and the government's formula for determining financial need. This means that the student's family is expected to contribute $5004 towards their education expenses.
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What is 5004 /18?
5004 /18 = 278
What does it mean if your efc number is 49 on your fasfa?
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What is 4005 multiplied by 5004?
4005 x 5004 = 20041020
Is 5004 five thousand four?
5004 in words can be written as five thousand and four.
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 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 is the highest efc?
The highest EFC that can be calculated is 99,999.
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 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.
What does it mean if your efc is 00000?
You can get the Pell Grant (up to $5,500 for the year,) Student Loans and Work Study.
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 your efc number is 00000 on your fafsa?
It means that your college will be paid for like 95% or maybe even 100%
