EFC code question?

Question

I know people post a lot of these, but my EFC code is 044066 c...And I can't get any answers on what that basically means. I know alot of it depends on your school. But basicially, how much coverage am I looking at here?

Answer 1

FAFSA is used to determine if you will get any government aid in the form of Pell grants, subsidized loans and work study. With an estimated family contribution of $44,066 you qualify for no government aid, not even close.

If you attend a school that costs more than $44,066, they may or may not "cover" anything over that. However, most schools that cost that much do not rely just on the FAFSA EFC. The also use Profile or their own methodology, taking into account more of the family assets such as their home to determine need.

Bottom line, it's highly unlikely you will get anything other than an ubsubsidized student loan which everyone can get.