What is EFC and SFC?

EFC stands for Expected Family Contribution, which is a measure used in the U.S. financial aid system to determine a student's eligibility for federal and state financial aid based on their family's financial situation. SFC, or Student Financial Contribution, may refer to a similar concept but can also encompass broader aspects of a student's financial responsibilities, including personal savings and earnings. Both terms reflect the financial resources that families and students can contribute toward education costs.