my EFC came back to be 1345?

Question

is this what my dad and i have to come up with for my college education.

Answer 1

If everything on your fafsa is correct and you meet all of their other guidelines you would qualify for $1480.00 a semester in Pell grant (this you don't have to pay back) going full time. This amount does not vary from school to school. Other types of fin aid, like state grants, loans, and scholarships do vary from school to school, depending on how expensive it is.

Do you have conformation you've received any scholarships, tuition waivers, state grants etc? You don't have to pay these back either. Soooo, to answer your question, deduct the $1480.00 as well as scholarships, state grants, tuition waivers, from the anticipated cost of tuition, fees, books, dorm, etc. (you can usually find this on-line if you haven't already received a bill) and that would be how much you and your dad would have to pay. If you don't have enough to cover everything, you can take out student loans to make up the difference. Or, if it's not that much - like you are going to a community college - maybe your dad will pay the rest. Try to resist the urge to take out loans your first two years unless you absolutely have to.
Hope that helps.

Answer 2

NO. Thats number is not what youe rparentsa will habe to pay for. Its just a number that schools used to calculate your financial aid package. Pell grants varied from 400 to 4310, obviously if you go to a community college they are not going to give you the same amount of amount as they will if you attend a private school.

If your EFC is between 0 and 4110, you may be eligible for a Pell grant. The money would be between $4310 (for a 0 EFC) and $400 (for a 4110 EFC) if you go to school full time

So, base on your EFC, you would probably get an award.