What if your EFC is 99999?

Answer 1

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.

Answer 2

If your Expected Family Contribution (EFC) is 99999, it means that you have been determined to have a very high financial need. This could qualify you for a significant amount of financial aid, including need-based grants, scholarships, and low-interest loans. It is recommended to reach out to your school's financial aid office to explore all the options available to you.