In FAFSA, what does Expected Family Contribution (EFC) mean?

Question

i have 01745 under that column. does it mean that they are going to give me that much, or that they expect my mother to give me that much?

Answer 1

thats how much you must pay for your schooling.

Answer 2

Cut that almost in half, and that's what my college expected me to be able to save from a theoretical summer job, oh, about 20 years ago when minimum wage was $3.30 an hour. I ended up taking out an additional student loan to cover the additional amount. I lived a mile from the nearest retail location, in an economically challenged part of the country, and did not have a car.

Answer 3

the efc is a code uses to determine what kinds and how much financial aid you will get.  It is NOT the amount you will have to pay for school and it is not how much you will receive.  Like I said, it is just a code.

With an EFC this low, you would likely qualify for the federal Pell grant in the amount of 1,491 for the fall 08 and 1,491 for the spring 09 semester if you attend full time.  You will also likely qualify for federal student loans as well.  If you are a freshman, you would be offered 3500 (again half in the fall and half in the spring).  If this is not enough to cover your costs, and your school or you don't come up with any scholarships to cover anything else, you might consider attending a community college for 2 years to where you can borrow more money.

Be sure your fafsa says you have 2 in your household in college.  This makes a big difference when determining how much aid you get.

Answer 4

That is the amount that the All-Wise and All-Knowing Big Brother Government thinks your parents can afford.