Confused about EFC Number

hemingways
Mon, 02 Oct 2017 00:27:43 +0000

Hi everyone. I just finished filling out the FAFSA and I received the email saying my EFC is about $28,000. I realize this is just an estimate, and not the exact amount I have to pay, but this number just doesn’t seem right. My parents make less than $75,000 and my EFC would be over a third of their income. Would this be accurate?

Also, if my EFC is $28,000, and I decide to attend an in-state college where the cost is less than that per year, does that mean I would receive no financial aid at all? Money is extremely tight in my house right now and I can’t help but worry. I am the first person in my family to go to college, so this is the first time we have gone through the financial aid process. Thank you!