College Of Saint Mary
MyCSM MyCSM         Contact Us Contact Us         Directory Directory         Campus Map Campus Map         Search Search        
Share To Facebook Share To Twitter Share To LinkedIn Add This Page To Favorites Email This Page Print This Page
Academic Programs
Admissions Information
Articulation Agreements
Calculate Your Scholarship
Campus Visit Information
CSM's Scorecard
Express Center
Financial Aid
What is the value of a CSM education?
Scholarship and Grant Opportunities
Case Studies
What is EFC?
How to Apply for Financial Aid
Glossary of Terms
Entrance & Exit Counseling
Master Promissory Note
Outside Scholarships
Speech Awards
Types of Financial Aid
Marie Curie Scholars Program
Student Accounts

What is EFC?
EFCFinancial aid professionals often use financial aid terms that may seem confusing. One of those terms is "Estimated Family Contribution," or, "EFC."  

What is it and how does the government determine it? Your Expected Family Contribution (EFC) is determined by your FAFSA information. EFC is the amount of resources that a family should be able to contribute toward a student's education. EFC is an index based on your family's income, the size of your family, the age of your parents, the number of family members in college at the same time, and other factors. EFC is very different for every family as it considers much more than income. 

Below are two examples demonstrating how two students with the same family income have significantly different EFCs due to some of the other family information which is used in the EFC calculation:  

Family One:
Two parents, three children
Two in college
Older parent is 50
Two wage-earners, making $75K
EFC is $4,443 annually  

Family Two:  
Two parents, one child  
One in college  
Older parent is 40  
One wage-earner, making $75K  
EFC is $13,201 annually


Every family is different and we encourage all students to apply for financial aid through the FAFSA, even if they believe they are not eligible for any aid. Some colleges require a FAFSA even for merit-based aid programs, so it is to your benefit to file it even if you believe your family's income is too high.  

Another common term you will hear with EFC is "need." This is a short version of "financial need," which is determined by subtracting your EFC from the cost of attendance (see glossary). Your EFC is the same for every school but your need will be different because the cost of attendance at each school is different.  

Private universities, including College of Saint Mary, do as much as they can to fill your need, based upon their costs and your EFC. 

Board Of Directors     Employment Opportunities     Notices & Disclosures     Site Map     Website Feedback     Privacy Statement
7000 Mercy Road   •   Omaha, Nebraska 68106-2377   •   Toll Free: (800) 926-5534   •   Local: (402) 399-2400