What is Expected Family Contribution EFC 00000. If your financial aid report shows an expected family contribution of 00000, this means $0 or zero dollars you are expected to pay for college, which is great! You will be eligible for a lot of federal financial aid for college, but not all of it will be free.

What does an EFC of 12000 mean?

For example, 12000 is $12,000. This means that the federal government (and colleges) expect your family to be able to reasonably contribute $12,000 per year towards your college expenses. That said, the EFC number is not the definitive amount your family must pay for school. Rather, the number is a starting point.

What is a good EFC fafsa score?

Any person with an EFC number at 0 will receive the maximum amount of student aid, while a number over 5273 will result in no aid at all. The numbers, and the amount awarded, fluctuate annually. The closer you can get to zero, the more federal dollars you’ll have to help pay for tuition and fees.

What is a high fafsa EFC?

When it’s put on paper, your EFC is a simple dollar figure. A low EFC means you may be eligible for a larger financial aid package, while a high EFC means you may have to rely on unsubsidized loans to cover any costs your family can’t afford.

What happens when you reduce your EFC number?

Remember, when you reduce your EFC number you will ususally lower your funding gap which lowers your total out-of-pocket college costs. A family’s demonstrated financial need (DFN) is the Cost of Attendance (COA) less the family’s EFC number. The projected financial aid award multiplies the DFN times the school’s average percentage need met.

What does a string of 0s on an EFC mean?

If your EFC has a string of “0s” it means that your Expected Family Contribution is $0. This means that given your family’s financial situation, the college in question does not expect your family to contribute any amount of money to your education.

How to interpret my EFC score, College Confidential?

This means that your family will likely be expected to pay AT LEAST that amount when you attend college. But there are exceptions: If the school costs less than that…you would pay the amount the school costs. If you apply to and are accepted at HYPSM they have generous need based aid for even higher family incomes.

What does your EFC number mean if it is not 00000?

What does your EFC number mean if it is not 00000? [ Strategy Alert ]: As referenced above, your EFC number is subtracted from the total cost of attendance of each school to arrive at a financial need number. However most schools do not meet 100% of your financial need number when they provide you with a financial aid award.