Expected Family Contribution (EFC) is a term used by many institutions to refer to the amount that a student and the student’s family is expected to contribute to the cost of college based on their income, assets, and household situation.
All Finalists are selected by QuestBridge because we believe they have the qualifications, both financially and academically, to be competitive candidates for a Match Scholarship.
Selection for the Match Scholarship is made by each college individually, and their policies vary, so your EFC may also vary from school to school (and what is calculated by the FAFSA could also be different from what individual schools calculate). Some schools may look for a $0 EFC for Match Scholarship Recipients, while others may not. Since our college partners are committed to making college affordable, we encourage students to rank all schools they would want to attend, regardless of this financial aspect.
To read more about financial aid terminology, please review our Financial Aid Glossary.