Expected Family Contribution (EFC)
I am in the process of trying to define financial need for our scholarship program. I would like to target students that will not receive a Pell grant or any institutional aid. This is part of the formula I came up with "EFC greater than or equal to 6495 and less than 20000".
I am trying to target students that may incur a large amount of student loan debt.
Do any of you have thoughts on the EFC part of my formula?
Fremont Area Community Foundation, MI