What is EFC and how is it calculated?
EFC stands for “Expected Family Contribution” or the amount the federal government determines a family can contribute to the student’s education based on the FAFSA. This calculation determines family resources available from a family’s income (less allowances for taxes and living expenses) and assets (less allowances for retirement). A percentage of these available amounts are earmarked as EFC. You can calculate an unofficial EFC right on the Internet, by clicking here.
