I have an EFC of 969 how much pell would I be awarded?

Question

How do I find out is there a formula for this somewhere?

Answer 1

In general, the school computes the award based on the information you provided in the Free Application for Federal Student Aid (FAFSA). As you may recall, after you submitted Student Aid Report (SAR). The SAR, in turn, showed an amount called the Expected Family Contribution (EFC).

The school subtracts the EFC from the cost of attendance (tuition, room and board, textbooks, transportation, and personal expenses) to determine financial need and the amount of your award. It is important to note that the amount of aid awarded by the school cannot exceed your financial need.

Some of the factors schools consider when awarding financial aid include:

-Cost of attendance
-Family income
-Family size
-Number of family members in college or graduate school
-Family assets
-Scholarships or grants not received through the school
-Major field of interest
-Athletic abilities

You won't know for sure what your award(s) will be until you receive your award letter from each school you listed on your FAFSA.

Answer 2

Your financial aid package depends on the costs of the school you will be attending. You EFC means that FAFSA has determined you can contribute $969 from your own resources toward your education. If your tuition is over $4000, then you should be receiving close to or the full amount of PELL, plus some work study and loans.

The formula will be different for each school, so you won't know until you pick the school.

Answer 3

$1,680 in the spring if you go full time and meet about a million other requirements and all the information is correct on your fafsa.
Good Luck.