What does the Expected Family Contribution (EFC) number mean

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
User avatar
Judge Philip Banks
Posts: 453
Joined: Fri Aug 13, 2010 4:21 pm

What does the Expected Family Contribution (EFC) number mean

Postby Judge Philip Banks » Thu Jan 20, 2011 3:52 pm

What does the EFC number that FAFSA gives you after submitting your form online mean? Does anyone know the range of numbers you can receive? Also, how does your loan amount vary from EFC number to EFC number?

User avatar
swc65
Posts: 995
Joined: Wed Jul 22, 2009 11:27 am

Re: What does the Expected Family Contribution (EFC) number mean

Postby swc65 » Thu Jan 20, 2011 3:56 pm

Loan amount won't typically vary, because you can borrow to cover your expected family contribution. As for what it means, basically nothing for law school. FAFSA only counts your income because you are in grad school even if you put your parents' income on the sheet. Law schools, however, will count your parents' income, typically.

User avatar
Judge Philip Banks
Posts: 453
Joined: Fri Aug 13, 2010 4:21 pm

Re: What does the Expected Family Contribution (EFC) number mean

Postby Judge Philip Banks » Thu Jan 20, 2011 4:09 pm

I know FAFSA doesn't count parental income, but law schools do? Even if parents are not going to contribute anything toward paying for law school or law school-related expenses?

It was weird, because I skipped over the parental information portions of FAFSA when I filled it out, but still received what seems to me to be a high EFC number. I wish I knew what the scale/range was...




Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 4 guests