So What Does My EFC Quantity Mean, Actually?
If your oldest son or daughter starts senior school, you’ll do not have heard about the acronym, “EFC” prior to. But by November of the senior 12 months, many categories of college-bound teenagers aren’t just acquainted with the definition of, they probably know very well what their number that is EFC IS. As a whole, many families believe that it is too much. Exactly what does that EFC quantity really mean?Let’s begin with the basic principles.
Just Just What Perform Some Letters EFC Are A Symbol Of?
EFC means Anticipated Family Contribution. This is basically the quantity that the federal government claims that one can manage to add (for example 12 months, maybe perhaps not as a whole) for the child’s university education. Based on FAFSA, it “is a measure of the family’s economic strength, and it is determined based on a formula founded by legislation.” It is allowed to be a reasonable estimate of exactly what a family’s economic responsibility for university ought to be.阅读更多 »So What Does My EFC Quantity Mean, Actually?
