|What is Expected Family Contribution (EFC)? |
The EFC is a measure of your family’s financial strength and is calculated according to a formula established by the Department of Education.
- The information you submit on your FAFSA is used to determine your EFC.
- The information included in the calculation is the following: your dependency status, family size, number of family members attending college, taxedincome, untaxed income and assets.
- Colleges are required use the EFC to determine your federal student aid eligibility and financial aid award.
- Your EFC is NOT the amount of money your family will have to pay for college.
For more information about the EFC, see The Guide to Federal Student Aid.