Efc 00000 reddit

With an EFC of 0, you can be sure of receiving the maximum allowed Pell Grant for the year ($6345 for 2021) as well as qualifying for the maximum government subsidized loan. However, there are three issues you need to be aware of when your EFC=0.

Student AID Report EFC Codes Explained. When you file the FAFSA the government FAFSA processing center runs your information through several processes and provides to FAFSA filers a Student Aid Report (“SAR”) that contains various codes and a opportunity to correct your results if necessary. Jul 25, 2009 · An EFC of zero does not mean that you pay nothing for school, and an EFC of 3810 does not mean that you pay $3810, either. An EFC of zero will qualify you for a Pell Grant of as much as $5350, depending on your registration status (full or part-time), and the Cost of Attendance at your school.

08.12.2020 Efc 00000 reddit

With an EFC of 0, you will be offered a Pell Grant of $5350 for the 2009-2010 school year - assuming that you register as a full-time student. Half of that money will be sent to your school for your benefit in the fall, the other half will be sent in the spring. Friendly financial aid administrator here EFC is a very misleading number. I tell my families to think of it more as a bench mark in most cases. If you EFC is below XXXX that means you the the XXXXgrant.

EFC Chart Shows How To Calculate EFC FAFSA Student Trap – Pay Close Attention To Student Income and Asset Assessment Rates What Determines the Amount of Financial Aid. Your Expected Family Contribution (“EFC”) is the “major driving factor” in determining financial aid eligibility and the structure of the financial aid award.

That is complete bullshit. That is complete bullshit. It might be the case for some based on which school they attend but if you get an EFC of 0 on your FAFSA you cannot just go to any school you want with a sticker price of 60k + and they'll go Estimated Expected Family Contribution (EFC)= 021147.

Estimated Expected Family Contribution (EFC)= 000000. Pell Grant Estimate - $5,920.00. Direct Stafford Loan Estimate - $12,500.00 (although I'm not interested

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A low EFC means you may be eligible for a larger financial aid package, while a high EFC means you may have to rely on unsubsidized loans to cover any costs your family can’t afford. Behind the scenes, the EFC you receive is based on a complicated formula. How Expected Family Contribution is calculated The EFC also assesses assets: savings and checking accounts, stock investments, 529 plans and Coverdell accounts for all your kids, and additional properties such as rentals and farms. It assesses non-retirement assets at no more than 5.64 percent (so on $100,000 of stock, you’d be asked to contribute $5,640 toward college). With an EFC of 0, you will be offered a Pell Grant of $5350 for the 2009-2010 school year - assuming that you register as a full-time student. Half of that money will be sent to your school for your benefit in the fall, the other half will be sent in the spring.

Feb 22, 2013 · Friendly financial aid administrator here EFC is a very misleading number. I tell my families to think of it more as a bench mark in most cases. If you EFC is below XXXX that means you the the XXXXgrant. EFC is VERY rarely the amount of money you have to pay. Once we solidify your EFC number, the EFC software produces a report showing the components of your EFC number for analysis. Here is a sample.

Sort by. best. level 1. 2 points · 1 year ago. Pretty sure Yale does . level 1. 1 point · 1 year ago.

A 0 EFC DOES NOT mean your college will be entirely paid for and "You will get some extra money". That is complete bullshit. That is complete bullshit. It might be the case for some based on which school they attend but if you get an EFC of 0 on your FAFSA you cannot just go to any school you want with a sticker price of 60k + and they'll go Estimated Expected Family Contribution (EFC)= 021147. and I'm currently receiving.

I don't know if those above are considered as pell grant, but I'm a little confused at the moment. When I did FAFSA, It says.

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That is complete bullshit.