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Host: What is Expected Family Contribution?
Brad Barnett: The Expected Family Contribution is one of the main reasons you do the FAFSA. It s the EFC number. When you do the FAFSA and it goes to the Department Of Education, that number is generated based on the information that was on your application. In short, it s the amount that Federal government believes you and your family can pay to your educational expenses for up and coming year. You may pay more, you may pay less but it s the starting point for a financial aid office, when it looks at how much we think, you can afford to pay for school.
Expert: Brad Barnett
Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business. He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health. He has been involved in the financial aid and/or rehabilitation More »
About This Video
In this video, Mr. Barnett defines some important financial aid terminology that will assist you in understanding more about financial aid in general.
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Tags: Financial aid, College, Graduate, School, University, Scholarship, Scholar, Study, Grant, Loan, Application
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