Definitions for "Expected Family Contribution"
The amount of money that a family is expected to contribute to their student's education. The EFC is calculated based on a formula that takes into account the student's dependency status, family size, income, assets, expenses, and number of family members enrolled in a higher education institution.
Federal calculation of the amount you are able to contribute toward your education.
An amount you and your family are expected to contribute toward your education. It is used in determining your eligibility for federal student aid.