EFC stands for…? Know your acronyms.

College on the Cheap’s street team did another round of interviews, and asked students if they knew what EFC stands for in financial aid terms. Not surprisingly, none of them got it – it was a tough question.

EFC stands for Expected Family Contribution, and is the amount of money your college expects you to contribute to the cost of education. It is determined by the information you supply on your FAFSA.

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