<p>I just submitted my FAFSA, and it gave me a number as the estimated EFC. Is this based on some sort of scale, or it is just dollar? And is this total or per year or what?</p>
<p>Thanks.</p>
<p>dollar/ per year</p>
<p>Our EFC is about 36% of our gross income. Is this the max? Do we have the record?</p>
<p>Typically EFC is somewhere between 1/4 and 1/3 of your gross income. But it could be higher if you have other assets (significant savings or investments).</p>
<p>Thanks for the quick response.</p>
<p>its usually between 0-40%</p>
<p>0% if EFC = 0
40% if you have a lot of saving and investments</p>