.

In this manner, what is a good EFC?

Any person with an EFC number at 0 will receive the maximum amount of student aid, while a number over 5273 will result in no aid at all. However, if your family receives a low EFC number that is still higher than what is affordable, it is not a good EFC number.

Secondly, why is my fafsa EFC so high? For most students, a high household income will be the reason for a high EFC. This makes it perhaps the most important factor in the EFC formula. The EFC formula takes into account both parents' incomes and the student's income, with higher-income families expected to contribute more to their student's education.

Additionally, what EFC qualifies for financial aid?

According to the FAFSA official site, “The Expected Family Contribution (EFC) is a measure of your family's financial strength, and is calculated according to a formula established by law” The EFC will be expressed as number equivalent to a dollar amount. For example, 12000 is $12,000.

Is fafsa EFC per year or total?

(The EFC is an annual amount.) Families with a combined adjusted gross income of around $150,000 can expect to have an EFC that exceeds $30,000 for the year just from income. This is more than the annual cost of most state schools.