If my EFC is 35, what does that mean?

Question

If my EFC is 35, what does that mean?

Answer 1

Your EFC is the amount your family is expected to contribute toward your education based on income level. (Expected Family Contribution) If your EFC is only $35 then thank your stars because it means you can get federal grants and loans. My EFC is $5022 this year, and I only make a little more than $40,000 per year. They will use your parents income if you are under 23.