2007-03-14 13:41:57 · 4 answers · asked by giggles 2 in Education & Reference ➔ Financial Aid
It is better to have a lower EFC. EFC stands for estimated family contribution, or, what the government thinks you should be able to afford to put towards your education each year. Technically, the less your EFC, the less money you have available to put towards your education and therefore the more in need of financial aid you are.
Most families' EFC is nowhere near a realistic expectation ! You fill out your FAFSA, the school looks at it and bases your financial aid on your EFC, The higher your EFC, the less in need of aid you supposedly are. Most school only offer grants to those whose EFC is very low. Most students qualify for student loans of some sort, whether subsidized (government pays the interest on the loan and no principal is due until you graduate) or unsubsidized(you pay the interest, not the principal, on the loan while in school, principal ;payments are due upon graduation).
2007-03-14 16:23:29 · answer #1 · answered by Bakem 3 · 1⤊ 0⤋
The EFC is your estimated financial contribution, so you would want a low number.
2007-03-14 13:47:20 · answer #2 · answered by violetb 5 · 1⤊ 0⤋
its better to have a low EFC becuz ur EFC represents the amount of money ur family are able to contribute to ur college tuition.....the lower it is the better becuz u have more chances for grants and scholarships since ur family cant contribute alot.....if ur parents make alot of money GOOD LUCK....becuz u wont get anything
2007-03-16 10:14:15 · answer #3 · answered by lalgita12 3 · 0⤊ 0⤋
lower
2007-03-14 15:15:10 · answer #4 · answered by Anonymous · 1⤊ 0⤋