Financial aid EFC number? 5283?

Question

I just filled out the fafsa and the efc number was 5283? What kind of aid can i get with this number?

Answer 1

Unfortunately, the only thing you would be eligible for is your Stafford Loans, if your a dependent student, you will only get a subsidized, independent, you'll get a sub and unsubsidized.

Now, if the state you live in does certain grants for being in the state, and having a certain GPA there could be something there. I know in Ohio, if you go to a private school and are full time you get a $900 grant. Check your states Board of Regents website.

Hope this helps!

Answer 2

The EFC, or Expected Family Contribution, is calculated when you complete your FAFSA. The Dept. of Ed. sends a Student Aid Report to you which includes your EFC number. Schools you are applying to will also get this EFC.

The EFC is only one factor schools use when calculating your financial aid package. A great football player may have an EFC of 30,000 and still will get a full scholarship. Someone with an EFC of 1,000 may only get limited financial aid and the school may suggest you apply for loans as part of the aid award package they give you.

In general, the school calculates the total cost of your education and subtracts the EFC - what they think you should be able to pay. The rest should be provided to you in the form of scholarships, grants, work study and federal loans. However, this does not always happen. For example, there are only a limited number of grants and scholarships available. If you apply later in the year, they may allready be allocated to someone else.

In short, your EFC number means little. If the school really wants you, you can lobby the admission and financial aid office for more aid - and you can get it. You may get significantly more aid at one school compared to another that costs the same.

Answer 3

Federal grant wise nothing. Federal loans you can look at a subidized loan most likely and if independent and additional unsubidized amount based on your grade level. In Kentucky if you attend a private school you would qualify for a 2800 grant for the year so other states might offer the same and your school might also offer a scholarship or grant based on having your EFC so speak to the financial aid office to determine your exact award amount.