EFC stands for Expected Family Contribution. It is a measure of a family's financial strength to pay for a student's education costs. The EFC is calculated based on information provided on the Free Application for Federal Student Aid (FAFSA) and is used by colleges and universities to determine a student's eligibility for financial aid. The EFC is used to determine the amount of financial aid a student may receive, including grants, scholarships, loans, and work-study opportunities.
