so what does the efc mean?

Paying for College
1

<p>So, what does the efc mean? Is it per year or is it for all four years? </p>

<p>Say, if one's efc was possibly 79930. Does that mean absolutely no financial aid?</p>

2

<p>Your EFC is calculated annually. If your EFC is 79930, it is unlikely that you would receive need based aid as this exceeds the cost of attendance at all colleges...and it would also put your family's income/assets quite a bit above the average...like four or five times the average.</p>

3

<p>EFC refers to the amount a family is expected to contribute per year
With an EFC of 79K+, it is unlikely that you will get any need based aid</p>

4

<p>It is for 1 year. An EFC of $79930 means that that is amount the FAFSA formula says is your Expected Famail Contribution for the school year 2008-2009.</p>

5

<p>To the OP...were you expecting need based aid??</p>