What does the EFC number you get on your Fafsa application mean?

Question

I just filled out a fafsa application and it said my EFC is 4483. What does that mean?

Answer 1

It represents the Estimated Family Contribution, and it covers the school calendar year (fall and spring semesters/quarters). It determines whether or not you qualify for financial need based money from the state and federal governments along with the college itself. The money can come in the form of government grants, student loans, and college scholarships. I will provide some free sources to locate more money for college, and I recommend starting now.

First, the high school guidance office has a list of local scholarships for high school juniors and seniors.

Second, the college's financial aid office and website has a list of private scholarships offered from outside organizations and companies. Sometimes a college major's website will list scholarships, too.

Third, the public library has a book listing scholarships with some not even listed on the web.

Finally, I recommend joining several free membership scholarship search websites. There are scholarships for a variety of things including ethnicity, clubs, hobbies, and even wearing duct tape to the high school prom. Most are updated on a regular basis. Most offer a customized search based on information entered onto a form on the website.

Good luck!

Answer 2

"Low" or "intense" count on which college you're employing to. The FAFSA makes use of a somewhat straight forward formulation to make sure your economic choose: COA - EFC = economic choose. COA is the cost of attendance, which relies upon on what college you're employing to. It factors in no longer in simple terms classes, yet books, room & board, transportation, etc. So, case in point, the completed cost of Attendance at Harvard is approximately $40 5,000 for the 2005-2006 college twelve months. A state college will cost notably much less - case in point, UCLA (for California citizens) will in simple terms positioned you out approximately $20,000. those numbers are accessible from each and every college's place of work of economic help (often you will discover them online). so which you're taking the COA, and then subtract the dollar volume that your EFC comes out to be (the EFC is often the make sure's contribution + the student's contribution). the better the version, the extra make it easier to're possibly to get from the government (as a results of fact it realizes which you fairly choose extra advantageous than somebody whose dad owns a multimillion dollar corporation).

Answer 3

It stands for Estimated Family Contribution.

Answer 4

It means Easy Females Charge