Expected Family Contribution (EFC)
What is Expected Family Contribution?
After filling out your FAFSA form, your family's financials are evaluated, and an Expected Family Contribution index number is produced. This number establishes how much student financial aid you are eligible to receive.
How is my Expected Family Contribution calculated?
When determining your EFC, many factors are taken into consideration, including your family's assets, benefits, and income. The number of family members you have and how many of those members are currently enrolled in school can also impact your EFC.
Once you input all of your family's financial information into your FAFSA form, you will be given an EFC index number, which is then subtracted from the total enrollment cost of whichever school you are applying to. The remaining number is the potential amount you could receive from financial aid.
What does a high EFC mean?
A high EFC means that when your Expected Family Contribution is subtracted from your school's tuition cost, your potential financial aid award could be low. A high EFC does not erase the possibility of receiving financial aid, however, having a lower EFC may mean that you could receive a higher amount of financial aid.
Financial Aid at Goodwin University
Your Expected Family Contribution is just one factor in establishing a financial aid package. At Goodwin University, we will work with you to offer scholarships, grants, and financial aid options that best fit your situation.
Learn more about financial aid at Goodwin University today!
We’re ready when you are
- Enrollment is hassle-free, and it’s easy to get started.
- Financial aid is available, and we’re still accepting applications.
- You will find comprehensive support services that will get you through college and into a great career.
- We are veteran-friendly, and we understand and respect the needs of veteran students.
- If you want to transfer in credits, we can typically review your transcripts of prior learning in less than one business day.
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