Is the EFC number per year or for all four years?

Question

I just got the results back from my FAFSA with an extremely high EFC ($70,000+). Is this what my family is expected to pay over all for years or just for one year? We are solidly middle-class, with only one working parent, and live in a very expensive city, so this seems awfully high. Any way to lower the number/appeal?

Thank you so much.

Answer 1

i'm pretty sure its per year because you have to file FAFSA every year and each year your EFC may be different depending on that year's income. That is a pretty high EFC, it could be because of how much income you're making and everything else. There are certain things you can do to lower it but you're better off asking an expert about it.

One other thing, 70,000 sounds way too much. You might have incorrectly put some information onto the fafsa. 70,000 for a school year is more than probably any school in the world costs annually.

Answer 2

Is Efc Per Year

Answer 3

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RE:
Is the EFC number per year or for all four years?
I just got the results back from my FAFSA with an extremely high EFC ($70,000+). Is this what my family is expected to pay over all for years or just for one year? We are solidly middle-class, with only one working parent, and live in a very expensive city, so this seems awfully high. Any way to...

Answer 4

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It's not a Percentage of your tuition it pays, its a dollar amount. And with an EFC of that amount you'lll get about 1,500 a semester for this fall 08 and spring 09. Be aware, each year your EFC is re-calculated, so your Pell grant may go up or down or you may not get it at all after spring 09.

Answer 5

It is a dollar amount if your school only uses FAFSA and costs more than $1925 per year. The EFC means your family will be expected to contribute that amount. I'm unclear whether your tuition is $30K per year or for all 4 years. If it's per year, you'll get work study as well from your school and will be eligible for institutional grants as well.

Answer 6

The EFC amount is for the calendar school year. From the start of the fall semester/quarter to the spring semester/quarter. An idea might to be appeal or talk to the financial aid office at the university. However, it might be an idea to look for scholarships from other sources, too.

First, the high school guidance office can provide a list of local scholarships to apply for consideration to current high school students.

Second, the college's financial aid office and website has a list of private scholarships offered from outside organizations and companies. The nursing program's website might contain some scholarships, too.

Third, the public library has a book listing scholarships with some not even listed on the web.

Finally, I recommend joining several free membership scholarship search websites. There are scholarships for a variety of things including ethnicity, clubs, hobbies, and even wearing duct tape to the high school prom. Most are updated on a regular basis. Most offer a customized search based on information entered onto a form on the website.

Good luck!

Answer 7

it's just for one year. you fill out the fafsa every year and it'll probably change depending on if your parents/family make more or less that year. you can't really lower it unless you lie. which you really shouldnt because if you caught and you probably will...itll be a lot worse. but 70k sounds like a lot...you sure that's right???

Answer 8

Per year! There are many things that change within a year.

Answer 9

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