My EFC is 9515, is this very high?

Question

My estimated EFC is 9515 and I am a single independent who made $30k last year. Is this EFC high? I have no way of paying this amount, is it easy to get student loans for this amount?

Answer 1

Your EFC is not necessarily very high, but it is unfortunately too high for you to receive a Federal Pell Grant. You may qualify for other grants or scholarships, though, that will help you with your school. You will definitely be able to get student loans, as well. They offer loans to all students who complete the FAFSA, no matter what your EFC is. The EFC is always much higher than anyone can actually afford, so don't worry about this factor, either.

Answer 2

if you're a depending student, then your efc will be determined commonly upon your mothers and fathers' income. when you're an self sufficient student with out dependents, then your efc would in trouble-free words be that prime in case you made extremely some money from the three-4 months you've been employed in 2009 and with UI (in case you receive it), or because you've extremely some money saved. If neither of those are the case, evaluation your fafsa application to in trouble-free words remember to haven't any blunders. when you're an self sufficient student, you ought to enable the monetary help place of work recognize that you've been out of work for the previous 15 months -- this can outcome your efc and they are going to take that under consideration.

Answer 3

your efc is VERY HIGH!!!!!!!!! this means that out of the total amount that you have to pay for college, it is expected that your parents pay $9,519. BUT most universities, will compensate the rest of your financial aid with LOANS, and some grants!!! So don't worry about getting loans, cause they'll give em to ya, because either way, you have to pay them back!!

Good Luck!!