<p>Hi</p>
<p>What is EFC?</p>
<p>Sorry…</p>
<p>An Expected Family Contribution (abbreviated EFC) is an amount of money that the Federal government assumes that a student and his or her family are able and willing to pay for higher education. It is calculated by putting the student’s income and assets, and those of the student’s parents if the student is considered a dependent, through one of three formulas [1], depending on whether the student is considered a dependent, is independent without dependents, or has dependents of his or her own. To sum up, the lower your EFC value the better you off. Higher EFC value means more burden on you financially. I got 16K EFC and got almost no grant money but only federal loan.</p>