if my efc is 8800 is that good or bad? im going to go to a cc but i want some extra money too?

Answer 1

The Expected Family Contribution (EFC) is how much money your family is expected to pay toward your college education for one year. Typically, the lower your EFC, the more financial aid you will receive. Factors such as family size, number of family members in college, family savings, and current earnings (information you provide on the FAFSA) are used to calculate this figure.

Once your FAFSA is processed, you will receive a Student Aid Report (SAR) with your official EFC figure. The same information is also sent to the schools you listed on the FAFSA. The financial aid office will use your EFC to determine your financial need.

Need is defined as the difference between the cost of attending college and your EFC:

Cost of attendance (COA)
– EFC
= Financial need

Based on that, the financial aid office will prepare a financial aid package and craft a financial award letter.

If the cost of your school is less than $8,800, you will not be eligible for federal financial aid.

It's a good idea to check out the website or visit the financial aid office of the school you're going to attend. Their job is to help students find the best ways to pay for school.

Answer 2

Most CCs cost are less than 8800. Whether or not you'll get money back depends on how the budget get sets up.