As a result of completing the FAFSA, you get a student aid report that indicates your expected family contribution (EFC) is [tex]$10,000. What does this mean?

A. The government expects that your family can contribute about $[/tex]10,000 to the cost of your education.
B. You can expect to receive [tex]$10,000 in grants from the federal government to pay for college.
C. You can expect to receive $[/tex]10,000 in loans from the federal government to pay for college.
D. You should only apply to schools that cost $10,000 or less.

Which of the following ways to pay for college is MOST likely to be based on someone's financial need?

Expected Family Contribution (EFC) of [tex]$10,000 means the government expects your family to contribute $[/tex]10,000. Grants, like the Pell Grant, are most likely based on financial need.

Explanation:

Expected Family Contribution (EFC) is the amount the government determines your family can contribute to your education costs based on the information provided in the FAFSA. An EFC of [tex]$10,000 means that the government expects your family to contribute about $[/tex]10,000 towards your education expenses.

The type of financial aid that is most likely based on someone's financial need is grants, such as the Federal Pell Grant. Pell Grants are awarded based on financial need, and there is no income or wealth limit for the program, providing free money towards education costs.

Learn more about Financial Aid for College here:

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