The Expected Family Contribution (EFC) is a crucial component of the Free Application for Federal Student Aid (FAFSA) that determines a student's eligibility for federal financial aid. The EFC is calculated based on various factors related to the student's and their family's financial situation. Here are some of the key items included in the EFC calculation on the FAFSA: 6. Benefits Received: Certain means-tested benefits, such as Supplemental Security Income (SSI) and Temporary Assistance for Needy Families (TANF), may be considered in the EFC calculation. It's essential to note that the EFC is not the amount of money that the student or family will have to pay for college. Instead, it is used to determine the student's eligibility for different types of financial aid, including federal grants, loans, and work-study programs. The formula for calculating the EFC can be complex, and the FAFSA application takes care of these calculations automatically when you provide the required financial information. Your financial future is in your hands! 💪 Take a moment to share if you found value and comment below for more information on how I can help you lower your EFC and increase you or your students eligibility for financial aid. Let's inspire and support each other on this journey! 👇✨ #FinancialGoals #WealthBuilding #DreamBig #dallastx #momtrepreneur #renonv #sahm #sparksnv