My efc is 00220 what does that mean?

Question

My efc is 00220 what does that mean?

Answer 1

that means based on your and your familie's assets, the government thinks you can afford to pay $00220 for school every year.

Answer 2

It means that each year of your college education, approximately $220 are expected to come out of your family's resources

Answer 3

It means that your family is expected to contribute $220 dollars towards your education. However, that does not mean that you will definitely contribute that. An EFC of that amount means that you will qualify for the pell grant, the maximum subsidized stafford loans, and the maximum for the perkins loan. If your college offers institutional financial aid, you will get further aid as well.