On my FASFA under EFC I got ), What does it mean, will I get $?

Answer 1

EFC refers to the Estimated Family Contribution, and if ) means 0, it is an excellent score. It is to give you an approximate idea of what your family is supposed to contribute to your college education. The zero means that you qualify for the maximum Pell Grant when all things are considered which does not need to be paid back. It is based on a percentage of your income and savings (at a higher percentage rate considered than your parents) along with your parents' income and savings. It takes into consideration how many are in your family total along with how many are attending college at the moment. You will get the SAR report within a few weeks. You will know your final financial aid package once your college sends its financial aid report which will include any need based scholarships, work study program funding, and student loans. I recommend applying in January or early February for the maximum funding each year after this academic year to get the maximum funding possible. I am including some free resources to help you fund your college education. Good luck!

Answer 2

Becareful, if your EFC is 0 that means your family doesn't have to pay anything but that doesn't mean you're getting an entirely free ride either.
ABout half should be covered by fed loans, free money and the other half is covered by essentially bank loans.

Answer 3

I'm assuming that ")" is "0."

EFC means "expected family contribution."
Since its zero, they are not expecting you to pay anything and that the school will cover it.