What is an EFC (Expected Family Contribution)?

A formula established by the U. S. Congress calculates the Expected Family Contribution (EFC) or what the family can contribute to education. Greenville Technical College determines the student's financial aid eligibility based on the results of this formula. The formula takes into account the family's income, assets, number of family members, and number in the household attending college at least half-time. The EFC is based on income from the prior year of enrollment. For example, for the 2009-10 academic year, the students (and parents, if required) 2008 income is considered when calculating the contribution.

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