I applied the other day and it said my EFC (estimated family contribution) is 9861. I have no idea what this means. I googled the be-jesus out of it and it still isn't very clear. FAFSA said this isn't a dollar for dollar amount, meaning 9861 does not equal $9,861 I'd have to contribute. I certainly hope not because I just bought a house and have zero dollars left to myself.
Anyone good with financial aid business and have any clue what this means?
If you don't know and/or care do you love the movie Overboard. I sure do.