The best way to ensure that you do not reach your financial aid limits is to borrow only the amount of loan funding you truly need for your education.
Your dependency status plays a large role in how you fill out the Free Application for Federal Student Aid (FAFSA) and how your FSA package is created.
By Ryan Laspina
Senior Specialist, Red Flags and External Reviews
If you are applying for financial aid, one of the most important terms to understand is EFC. EFC stands for Expected Family Contribution, and it is exactly what its name suggests: how much money you and your family can contribute to your college expenses.