What is EFC? To start your college search, you need to be able to answer this question. If you’re like most parents starting the college search process, you don’t have a clue what EFC means. In fact, most parents don’t understand until they are well into the college application process which is not a good thing.
So what is EFC? EFC stands for “Expected Family Contribution” and is the term used by the Federal Government and colleges to state how much parents are expected to pay for their child’s college education. (EFC is being renamed the “Student Aid Index” for the 24-25 award year but it will still function the same as EFC.)
After diligently reporting their families’ financial information as accurately as possible in the FAFSA under the threat of a $20,000 fine and/or prison, high school seniors are anxiously waiting to receive their financial aid award letters. Now, even though each student’s family situation is different, applicants all completed a standard form for financial aid. Major financial factors such as loss of job or health issues have to be addressed in a separate letter to the financial aid office.
Sometime during their senior year in high school, students will start receiving notices from the counseling office on tips on how to find scholarships and news about the various available college scholarships. These scholarships will probably range in the $250 to $1,000 range with a few hitting $5,000. They’ll be encouraged to start using the different scholarship search websites so that they won’t have to take out student loans. By January, they’ll hear that if only they would get organized and be persistent in their scholarship search, they can take advantage of all the 
When I went to college, back in the 80’s, my Pell Grant covered my tuition. My parents were usually able to help pay for books and my student loans and part-time jobs paid for room and board. Thanks to financial aid, I was able to graduate from an honors program at my state flagship university in four years.
