My EFC is 23695. What does it mean and will I get any grants or stuff?

Question

what does the EFC determine? Will I receive any grants? How much would I have to pay for college?

Answer 1

EFC is how much you are expected to pay. You pay 23,695 and whatever else is left over for tuition is what grants will pay, if there is any left.

Answer 2

Geez, you make a ton of money!

Answer 3

With an EFC this high, you will not likely qualfiy for need based grants (free money because you are poor).  You may qualify for scholarships, but you have to apply for and recieve them.  You can best determine how much you will have to pay for college by looking at your schools website and finding out how much the tuition and fees are. Plus if you are going to have to pay for dorms and meal plan.

Hope it helps.