I filled out my FAFSA and my EFC is 832, I'm going to a tech school next year that is 12 months long and it costs $14,911.13. Does that mean that the government will pay for everything except $832.00?
2007-04-10 10:20:13 · 4 answers · asked by Anonymous in Education & Reference ➔ Financial Aid
No, the government will pay $4310-832 for the entire school year. The Pell Grant will be worth $3478. In the next few weeks, the school will be sending you a financial aid report breaking down the $11,433,13. It will be made up of scholarships and student loans. An idea might be to seek out outside scholarships from sources. If your program is more than a year long, I recommend filing the FAFSA as close as you can to January 1 to get the most help at the school level because they only have a certain amount to give in scholarships each year. I will list some free sources from your community and on the web.
First, the college's financial aid office and website has a list of private scholarships offered from outside organizations and companies. Sometimes a college major's website will list scholarships, too.
Second, the public library has a book listing scholarships with some not even listed on the web.
Third, the high school guidance office has a list of local scholarships and state scholarships & grants.
Fourth, a campus work study job can help with money needed during the school year. The program is funded by the federal government. It will be a job on campus and most times can work to your availability schedule. There should be a box on the FAFSA form for it.
Finally, I recommend joining several free membership scholarship search websites, but the best I have located is Scholarship Experts since they have a very thorough and lengthy survey to complete compared to Fastweb. 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!
2007-04-10 12:10:19 · answer #1 · answered by dawncs 7 · 0⤊ 0⤋
The Max PELL is $4310 but that would be for a EFC of $0. Your PELL will be less. PELL is based on the EFC AND the total cost of tuition. Although your EFC may be $832, you should not expect the school to come up with aid and scholarships to bridge the gap between tuition and your EFC. Rarely can a school bridge the gap totally!!
2007-04-10 18:12:48 · answer #2 · answered by joe w 1 · 0⤊ 0⤋
The lower your EFC means the more money you'll receive. The most you can receive through a pell grant in 12 months is $4,050 that's the max awarded thru financial aid.
2007-04-10 17:42:56 · answer #3 · answered by ☆MoNicA☆ 2 · 0⤊ 0⤋
yeah, it means that you are expected to pay $832 out of pocket toward your education for this year
2007-04-10 17:27:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋