Could someone please make sense of this?? efc and pell grant?

Question

Okay i just filled out a fafsa and it said my efc is 3111. That seems kinda high considering i only made 14,000 dollars last year. And Im a independant student. Im 28. Is that a high EFC for my yearly income? Should i review my application? and how do i know if im going to be eligible for a grant with that EFC?

thanks....

Answer 1

Your EFC is not the amount you will have to pay your school.  It is just a code the school uses to determine what kinds and how much fin aid you will get.

With an EFC of this amount, you will likely be eligible for a partial Pell grant.  (I'm guessing around 1000 a semester or so).  I don't think it sounds high.  3111 is low actually.