Question

What does EFC stand for and what is its significance

Answer 1

An EFC number is the "expected family contribution", or the amount a family is expected to pay for their student's college education. It short, the EFC has an effect on how much federal grant money you will be given for college expenses.

Answer 2

any of ≥ 314 different meanings

Step-by-step explanation:

Many acronyms have multiple meanings. "EFC" is no exception.

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Expected Family Contribution

This is an amount calculated according to a formula, and based on data supplied by the applicant on a FAFSA form requesting financial aid. The EFC is used by the relevant educational institution to determine the amount of financial aid that they will provide.