Financial Aid

[Spankete87]

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I just completed my FAFSA and got back my Student Aid Report. Anyone know what the Estimated Family Contribution means? Is that the amount that I have to find through private loans or is it just a number that individual schools use to determine what students get what financial aid? Any help would be greatly appreciated. Its crazy cause my EFC is 1/3 of my salary for the year! And that number was caculated based on my income alone.....

 

[medhacker]

I just completed my FAFSA and got back my Student Aid Report. Anyone know what the Estimated Family Contribution means? Is that the amount that I have to find through private loans or is it just a number that individual schools use to determine what students get what financial aid? Any help would be greatly appreciated. Its crazy cause my EFC is 1/3 of my salary for the year! And that number was caculated based on my income alone.....

Hi there

Your EFC is indeed a number your FAO will use to determine the amount of aid you get. It is not the figure you must contribute or the figure amount of aid you will receive. Best wishes!


MH

 

[scpod]

I just completed my FAFSA and got back my Student Aid Report. Anyone know what the Estimated Family Contribution means? Is that the amount that I have to find through private loans or is it just a number that individual schools use to determine what students get what financial aid? Any help would be greatly appreciated. Its crazy cause my EFC is 1/3 of my salary for the year! And that number was caculated based on my income alone.....

There are about a gazillion posts on SDN about the EFC. If you search for that you'll find quite a few threads. To keep it short, I'll just say that you are not expected to come up with that amount next year yourself. Almost everyone will still be able to take out loans up the their school's cost of attendance, regardless of their EFC.