Effective Family Contribution (EFC)
The Effective Family Contribution (EFC) is the amount of money which you or your parent(s) is expected to contribute toward the total cost of the student’s education. The EFC is recalculated each time the student submits a FAFSA application.
Your EFC is an index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The information you report on your FAFSA form is used to calculate your EFC.
The EFC is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year. The EFC Formula guide shows exactly how an EFC is calculated.
Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive.
Contact Information
Financial Aid Office
Phone: (201) 360-4200 / (201) 360-4214
Text: (201) 744-2767
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