My finanicial aide efc is 00892?

Question

i just filled out my fafsa the other day and today i went to go check to see if it was processed, and my efc is 00892 how much will i get?

Answer 1

Your EFC is what you and your family will have to pay for that year. How much your financial aid package will be all depends on the total cost of attendance for your school. Usually they will subtract your EFC from the total cost of attendance and that will be your package.

Answer 2

There is a lot of misinformation here. Most schools do not give you the difference between your EFC and the cost of the school. And many that do give you the aid in the form of loans you must pay back.

Simply, it depends on the school and what kind of student you are. There are some schools that do meet 100% of need meaning they will give you, through grants, loans and work study, all the money you need to attend. These tend to be top colleges like the ivy leagues which are very hard to get into.

For most people with a low EFC, the choice will be a community college or state school because of cost.

Answer 3

An EFC is the figure that the US Department of Education and your college's financial aid office will use to determine your eligibility for financial assistance. It is NOT what you will have to contribute out of pocket for your educational expenses. Your EFC directly correspondes to how much, if any, Pell Grant you are eligible to receive. At the school, the aid office will take your Cost of Attendance (as determined by the school) and subtract your EFC to determine your financial need. The aid office will then try to meet your financial need with financial aid based on federal and institutional policies.

Answer 4

Erica i know what your thinking, you need to go buy some nikes eh^^^ hahahahaah.  No really tho i dont kno how efc works but all i know is the lower the number the more money you'll get.  Your number is realllly low, so i'm guessin youll get a pretty good chunk of money from the government

Answer 5

call the financial aid office of your college, tell them how many hours you are going to be taking and they will tell you how much you get based on your efc