I want to know if i'm eligible for grants...
2007-11-14 09:03:44 · 7 answers · asked by tripleb 2 in Education & Reference ➔ Financial Aid
EFC stands for Expected Family Contribution. This is a number that is calculated off of your FAFSA and represents how much your family should be able to contribute to your own education based on the information provided on the FAFSA. The lower your EFC, the higher your financial need.
An EFC of 0 means that your family would not be able to contribute to your own education, therefore you will qualify for the maximum amount of Pell Grant (a federal financial aid grant) and possibly state grants as well, depending on if you meet any additional eligibility criteria such as GPA or deadlines.
The maximum Pell Grant award for the 07-08 academic year (which you will qualify for with a 0 EFC) is $4310 for the full year, $2155 per semester. If you are less than full-time, your award will be prorated depending on your unit load (for example, if you were half-time, you will receive only 50% of the total semester award).
Contact your financial aid office right away to inquire if anything else must be submitted in order to complete your file for disbursement.
2007-11-14 10:12:51 · answer #1 · answered by superstar_81882 5 · 1⤊ 0⤋
Yes, with an efc of zero you would qualify for the maximum pell grant amount as long as all the information on your fafsa is correct and you meet about a million other requirements. (no defaulted student loans, decent college GPA, no bachelors degree already....) You would qualify for 2155.00 in Pell grant in the spring semester. The pell does not have to be paid back. Here is a good publication about fin aid.
Good Luck.
2007-11-14 10:24:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, it is the best score you could have on the EFC since 0 results in the full Pell Grant. However, the full extent of your financial aid package will not be known until you receive your financial aid award letter. Depending on your school's endowment fund, it could result in need based scholarships. Also, if you checked the work study box, you will qualify for it. It is really hard to tell your full financial aid package since it is in the middle of an academic year, and it is hard to determine what they have available in scholarships. I will include some free readings on the matter. Good luck!
2007-11-14 10:15:08 · answer #3 · answered by dawncs 7 · 0⤊ 1⤋
EFC = envisioned family contributors Contribution. this suggests which you need to be eligible to acquire all you finance help, which in grad college is student loans. Stafford Loans backed $8500 Unsubsidized $12000 probable a Perkins own loan. as quickly as you graduate with a B.S., pupils are actually not eligible for federal supplies you. i might examine with you college to be sure in the event that they have any branch scholarships. or FASTWEB.
2016-10-16 13:03:19 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes! THat is very good...Your Expected Family Contribution is nothing - so you are going to get the top amount of financial aid loans and any grant money they offer that you don't have to apply for.
2007-11-14 09:53:58 · answer #5 · answered by SisterSue 6 · 0⤊ 1⤋
Your basically eligible for the pell grant and whatever your state offers in aid for schools.
2007-11-14 14:30:42 · answer #6 · answered by Anonymous · 1⤊ 1⤋
excellent, means your family is pretty broke and cannot afford to contribute to your education. you will be eligible for lots of aid, including grants and loans
2007-11-14 09:13:38 · answer #7 · answered by Anonymous · 0⤊ 2⤋