This is what my SAR report said, so am I getting any money?

Question

Based on the information we have on record for you, your EFC is 16206. You are not eligible for a Federal Pell Grant but you may be eligible for other aid. Your school will use your EFC to determine your financial aid eligibility for other federal grants, loans, and work study, and possible funding from your state and school.

i have no idea what this means. I dont know what a Pell Grant is, i just need some money for tuition! HELP!

Answer 1

Anyone can get financial aid in the form of student loans.  There is a max on the amount you can borrow per year however.  Be aware loans always need to be paid back.

Answer 2

it means the only thing you will probably be able to take out is school loans that you will get no grants of any kind (unless you applied for private grants)