EFC on the FAFSA: Reading and Understanding It?

Question

I just completed my FAFSA and the EFC came out at '81516' .. is this meant to be $81,516.00 or $815.16? And is this per semester or for my whole time in college?

Also - there is no way my EFC should have come out so high (if it is $81,516.00) - so what do you do if you think this is mistake?

It's just my husband and I - we live solely on his income and it does not allow for us to dump *that* much money into education - unless we didn't pay any bills, bought no food, didn't drive our cars, used no water or electricity and even then we'd struggle to come up with that much money.

Answer 1

The EFC is what colleges use to determine what they will offer you, although some may offer more or some may offer less to cover tuition costs. The EFC is just a guideline.

It seems that $81,000 is a little high for your financial situation. Check your FAFSA again and try to find any mistakes. If there is a mistake, check out the article below that shows you how to amend your FAFSA.

Call your financial aid office for your college and find out what they say if you can't find a mistake. You can request a meeting with the college aid office that will help you figure out a way to pay for college.

Answer 2

Have you rechecked your figures on the FAFSA form? Could you have added an extra zero by mistake? Also, I recommend filling out the CSS survey to see if it can bring money, but it does cost money. I will include some free resources to locate money for college.

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, fill out the FAFSA form after January 1 for each school year until college graduation. It will qualify you for need based financial aid from the federal government and the school itself. It will come in the form of scholarships, Pell Grant, student loans, and the work study program. After acceptance and sending in your response, fill out the CSS form which will enable you to possibly get more financial aid through this survey.

Fourth, sign up for Upromise. It can help you save for your college tuition along with any student loans after college graduation. Basically, a percentage of certain purchases puts money into the account.

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 3

it is 81,000 for this year, the fafsa is completed yearly. seems like your parents either make fairly good money or there is a mistake. check over your fafsa and be sure you entered everything correctly. based on the EFC you qualify for little or no financial aid, unfortunately. you may get some loans

Answer 4

Being eligible for nutrition stamps does not provide you an computerized 0. there is yet another standards which you ignored with a view to be seen for that. besides, nevertheless you made 6800 final 12 months, you further further income counsel that effected you efc. inspite of the undeniable fact that, you're nonetheless eligible for supplies you, so i'm not sure why you're bugging; fantastically, considering that pell has be as much as date for the present 12 months.