Tagged with fafsa efc in our Blog
College is a serious financial undertaking. At first glance college can look like an unaffordable venture. However, there are multiple vehicles that can help you attend your goal institution without fear of not being able to afford it. These vehicles include scholarships, grants, and student loans. Despite the existence of financial aid, the anxiety of affording school can afflict students and their families up until the summer as they wait for their financial aid packages to be released! Applying for student aid through FAFSA and the CSS Profile is like playing the lottery - except everybody is a winner. Like… Read more here!
It is important for everyone to know the amount of financial aid they are able to receive from the school of their choice. After filling out the FAFSA, you will be sent a Student Aid Report (SAR) that indicates your EFC (Expected Family Contribution), which is determined based on the information you provided on the FAFSA itself. Many people may find themselves cringing at the thought of this number, which can be staggeringly high. However, don't forget that the FAFSA EFC is not the amount you are expected to pay for that particular school. The FAFSA EFC is used by… Read more here!
What is EFC? If EFC means nothing to you, chances are you have not filled out a FAFSA application yet. Anyone who fills out a FAFSA application will receive an EFC score. EFC stands for Expected Family Contribution. In short, EFC determines whether or not you are eligible for federal financial aid. The EFC number you receive upon completing the FAFSA form is the amount of money a family can expect to contribute to their child’s post secondary education. The Department of Education then subtracts the EFC from the student’s cost of attending college and that number represents a student’s… Read more here!