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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 else can I help you with?
What does it mean if your efc number is 49 on your fasfa?
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What does 0000 EFC mean on your FAFSA?
EFC stands for expected family contribution. Having an EFC of 0 just means that your family is expected to contribute $0 towards your education. It means you'll get more aid.
What does it mean if your efc number is 002668 ?
An EFC number is the "expected family contribution", or the amount a family is expected to pay for their student's college education. It short, the EFC has an effect on how much federal grant money you will be given for college expenses.
What is efc 000160 on your fafsa mean?
EFC 000160 on your FAFSA refers to your Expected Family Contribution (EFC) calculated by the federal student aid system. An EFC of 160 indicates the amount that your family is expected to contribute toward your education for the academic year. This figure is used to determine your eligibility for federal financial aid, such as grants and loans. A lower EFC generally means you may qualify for more financial assistance.
What is the highest efc?
The highest EFC that can be calculated is 99,999.
What does efc 014199 mean on fafsa?
The code "EFC 014199" on the FAFSA refers to your Expected Family Contribution (EFC) calculated by the FAFSA system. This number represents the amount your family is expected to contribute toward your education for the academic year. A lower EFC indicates a greater financial need, which can impact your eligibility for federal and state financial aid programs.
What does 082856 mean for the efc number on the fafsa?
The number 082856 represents the Expected Family Contribution (EFC) calculated from your FAFSA application. The EFC is used to determine your eligibility for federal student aid, including grants, loans, and work-study programs. A lower EFC indicates a greater financial need, which can qualify you for more financial assistance. Each institution may use the EFC to tailor their financial aid packages to your specific circumstances.
What does it mean if your EFC number is 12126 on your FAFSA?
This number indicates that you are not eligible for any pell grants.
What does it mean if EFC is 280?
EFC stands for Estimated Family Contribution. An EFC of 280, means that the government is expecting your family to be able to contribute 280 dollars to your education. Scholarships and Financial Aid offices base the amount of money they give you on this number. The lower the number the more financial aid you can receive.
What does it mean if your efc is 00000?
You can get the Pell Grant (up to $5,500 for the year,) Student Loans and Work Study.
What does efc 000120 mean on a FAFSA?
EFC 000120 on a FAFSA refers to the Expected Family Contribution (EFC) value, which indicates the amount the family is expected to contribute toward a student's education for the academic year. An EFC of 120 suggests that the federal financial aid system estimates the family can contribute $120. This number is used to determine the student's eligibility for federal financial aid programs, such as grants, loans, and work-study opportunities.
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.
