What is an EFC?
Career: Efc
EFC stands for Expected Family Contribution, which is a measure used in the United States to determine a student's eligibility for federal student aid. The EFC is calculated based on a family's taxed and untaxed income, assets, and benefits, as well as family size and the number of family members attending college. It is not the amount a family will actually pay for college, but rather a number used by schools to calculate how much financial aid a student may receive. Understanding your EFC can help you plan for college costs and explore financial aid options.