Expected Family Contribution (EFC)

The Expected Family Contribution (EFC) is a measure used by the U.S. federal government and colleges to determine a student's eligibility for financial aid. It is calculated based on the financial information provided on the Free Application for Federal Student Aid (FAFSA) and reflects how much the student's family can reasonably contribute to college expenses. The EFC is not the amount a student will pay, but rather a tool to assess financial need against the cost of attendance at a specific institution.

Common Questions

  • How is the Expected Family Contribution (EFC) calculated?

    The EFC is calculated using a formula that considers factors such as family income, assets, family size, and the number of family members attending college. This information is derived from the data provided in the FAFSA application.

  • Does a low EFC guarantee more financial aid?

    While a lower EFC indicates a higher level of financial need, it doesn't automatically guarantee more financial aid. Aid availability also depends on institutional resources, federal aid limits, and state programs.

  • Is the EFC the exact amount my family has to pay for college?

    No, the EFC is not the exact amount your family will pay. It is a benchmark used to determine your eligibility for need-based financial aid. The actual amount paid will depend on the cost of attendance and the financial aid package offered by the college.

Expected Family Contribution (EFC) - College Glossary Term