My FAFSA stated that i got a EFC of 0. Is it good or bad?

Question

I applied to the Free Application for Federal Student Aid (FAFSA) and i got my Student Aid Report (SAR). It said that my EFC is 0 and it also stated that I may be eligible to receive a Federal Pell Grant and other federal student aid. I have applyed to Modesto Junior College (MJC).

So is having a EFC of 0 good or bad? If its bad how can i make it higher?

Do i have to contact the college or will they contact me?

How much money will i get? (A rough estimate, please.)

How long will the money last?(apllied for 2008-2009)(it will last a year, right)

What can i use the money for?(examples,please)

Thank you for the people who answer this and to the people who even bothered to look at this.

Answer 1

If your EFC is O that means your parents are not expected to pay for ANY college expenses. You cannot make it any higher.

Contact your financial aid office.

I go to community college in Fl and get 1500 per semester (my EFC is 0 as well) In Cal, it be perhaps higher (Not by much)

Yes, a year (i.e. an Academic year, only two semesters)

They just gve you the money, you can what you want (i.e. movies, dancing, big TV ---love my--)

Answer 2

That means it is estimated that you wont have to pay anything from your family

good!

Answer 3

That means your financial situation sucks! But on the other hand, it means you'll get more money from the school! My EFC was 0 during all my undergraduate years and I got my degree for free!  Really, i got paid to get my degree because my fin aid checks were about 2k a quarter, all grants, no loans! Use the governnment wisely!

Answer 4

if you receive a check for ANY type of f.a., you can use it on anything you want.

the guidelines say "school related expenses". but honestly, that can include anything; such as your bills, food, car payment, all of these things help you live while yo go to school

they cant trace what you do with it-its your money.

Stafford loans can be $3-$4K a semester but you paythose back although they are based on financial need. pell grants, i usually have $800-$1200 left over after tuition each semester.

good luck.