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Yes, you can choose which schools receive your Student Aid Report (the results of your FAFSA).
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Is it better to have a lower or higher EFC number?
! Your EFC (estimated family contribution) number is used to determine your eligibility for federally sponsored financial aid. The university will subtract your EFC number from the total cost of attending that school to determine how much aid you should receive. Generally, the lower your EFC number, the more financial aid you will be eligible to receive. Source: http://www.salliemae.com/get_student_loan/apply_student_loan/understanding/efc/
Is the EFC on the FAFSA for the entire school year?
Yes, the EFC on the FAFSA is for the entire school year. EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
What is the highest efc?
The highest EFC that can be calculated is 99,999.
What does financial need mean on FAFSA?
When related to the FAFSA, your financial need is the difference between your cost of attendance and at a school (abbreviated as COA) and your Expected Family Contribution (EFC). Your cost of attendance will vary depending on what school you would like to attend, but your EFC will stay the same.
My EFC number is 40 is that good or bad?
Great! EFC = Expected Family Contribution You and your family are only expected to contributed $40 per year. This is not the actual figure, but one your school will use to determine how much and what kind of aid you get.
What does it mean if your efc number is 00114 on your fafsa?
Your EFC is not the amount of money your family will have to pay for college nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate the amount of federal student aid you are eligible to receive.Typically, the lower your EFC, the more financial aid you will receive.Once you know your EFC, you can estimate the amount of financial aid you are eligible for at any college: Simply subtract your EFC from the college's total cost of attendance. Once you know how much financial aid you may receive, you can begin to compare the cost of attending different colleges.
Do people choose an easy high school just so their kid gets good grades?
Yes, some people do.
What does it mean if your EFC number is 09092?
The financial aid office at your school will determine how much financial aid you are eligible to receive. Your Expected Family Contribution (EFC) and other information will be used to determine your aid eligibility. Note: Your EFC is not the amount of money your family will have to pay for college noris it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive.
In what year did Ellington Financial LLC - EFC - have its IPO?
Ellington Financial LLC (EFC)had its IPO in 2010.
Does an EFC of 07712 mean 7712?
Yes, an EFC of 07712 means 7712. EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family’s taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
What does a efc of 1991 mean?
An EFC of 1991 is supposed to mean that, according to the formula used on the FAFSA, you (and your family) should be able to contribute $1991 towards your education during the school year in question. That doesn't actually mean that you will have to pay that amount and it also doesn't mean that this is all that you will have to pay. An EFC is used as a gauge of how much 'need' a student has. A student with an EFC of 0 (zero) has greater need than a student with an EFC of 1991. Generally, an undergraduate student with an EFC of 1991 will be eligible for a Pell grant, maybe a Supplemental Educational Opportunity Grant (unlikely, but it could happen depending on the school), possibly a state grant (if your state has one and you attend a qualifying college) and possibly an Academic Competitiveness Grant if you are a recent graduate that completed a 'rigorous program' in high school. In addition, you are likely to be offered subsidized Stafford Loans (the kind that don't accrue interest while you remain enrolled at least half-time in school and have a slightly lower interest rate when you do enter repayment) and you may be offered Perkins Loans depending on your school. Some scholarships also consider a student's need before awarding.
What does an EFC of 07319 mean?
EFC stands for Expected Family Contribution. The is an index number that college financial aid staff use to figure out how much financial aid you are eligible to receive if you go to their school. Your EFC is figured out after you report information about your specific situation on the FAFSA. It is based on a formula established by law. This formula considers your family's taxed and untaxed income, assets, benefits, family size, and number of family members attending college. Your college figures out how much need-based aid you will receive by subtracting your EFC from your Cost of Attendance. Your EFC is not how much financial aid you will receive, nor is it how much money you will have to pay for college.
