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. Even though 500 is a fairly low EFC number, if your family already lives on a tight budget, finding an extra $500 may seem impossible, making it a bad EFC number.

Why does my EFC have an asterisk?

If there is an asterisk (*) behind your EFC number, your FAFSA was selected for verification. That means the college will need to verify your FAFSA by requesting additional documents. If selected for verification, you must complete the process before financial aid can be awarded.

What is my EFC number?

Your Expected Family Contribution (EFC) is an index number used to determine your eligibility for federal student financial aid. This number results from the financial information you provide in your Free Application for Federal Student Aid (FAFSA®) form. It’s reported to you on your Student Aid Report (SAR).

What does EFC 0 * C mean?

A zero means a family has no ability to contribute to the student’s education. 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.

What does C next to EFC mean?

Expected Family Contribution
If a “C” displays next to the EFC, it means that the SAR C Flag is set to yes. The SAR C Flag is set when there is some questionable information on the Student Aid Report.

What does my FAFSA EFC number mean for me as a student?

Probably the most important number is your Expected Family Contribution, or EFC. Understanding your FAFSA EFC number will help you navigate the financial aid process so you can maximize the amount of aid that you will receive. What is the EFC? How do colleges calculate your Expected Family Contribution? What does my EFC mean for me as a student?

What does the Expected Family Contribution ( EFC ) mean?

The EFC, or Expected Family Contribution, is a measure of your family’s ability to pay for college based on what you entered into your Free Application for Federal Student Aid ( FAFSA ). It’s a measure that many (though not all) colleges use to determine their financial aid offers for students.

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.

Where do I go to get my EFC number?

In order to arrive at your EFC, you must first complete the FAFSA (Free Application for Student Aid) form online. The information you provide on the FAFSA, which will include your previous year’s tax return, will affect your EFC.