Efc 00000

03.03.2010

It is used by the financial aid office at your school to compare your financial aid need with the need of all of the other financial aid applicants who attend there. Jun 02, 2008 · often speaking with an EFC of 00000 you'd be eligible for Pell grant of $5,500 besides as student Loans although, the quantity of FAFSA depending help (elements & loans) nevertheless heavily isn't sufficient to conceal that prime classes. Jul 25, 2009 · An EFC of zero does not mean that you pay nothing for school, and an EFC of 3810 does not mean that you pay $3810, either. An EFC of zero will qualify you for a Pell Grant of as much as $5350, depending on your registration status (full or part-time), and the Cost of Attendance at your school. Dec 31, 2012 · I recently filed for financial aid a few minutes ago and it said that my EFC was 00000.

21.06.2021 Efc 00000

So what does your EFC quantity suggest if it’s not 00000? [ Strategy Alert ]: As referenced above, your EFC quantity is subtracted through the total cost of attendance of every college to reach at a monetary need number. Nonetheless many schools don’t fulfill 100% of the economic need quantity once they give you an aid award that is financial. What does it mean if EFC is 00000?

What is Expected Family Contribution EFC 00000 If your financial aid report shows an expected family contribution of 00000, this means $0 or zero dollars you are expected to pay for college, which is great! You will be eligible for a lot of federal financial aid for college, but not all of it will be free.

This means that given your family’s financial situation, the college in question does not expect your family to contribute any amount of money to your education. An EFC score is a financial aid index. It is used by the financial aid office at your school to compare your financial aid need with the need of all of the other financial aid applicants who attend there.

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For instance, an EFC of $15,000 will be listed as 015000. An EFC of 0 would be listed as multiple zeros. For example, 12000 is $12,000. This means that the federal government (and colleges) expect your family to be able to reasonably contribute $12,000 per year towards your college expenses. That said, the EFC number is not the definitive amount your family must pay for school. Rather, the number is a starting point.

Rather, the number is a starting point.

If your EFC has an asterisk after the end of the last number (example: EFC: 00000*) you are selected. If your SAR is selected for verification, you and your parents will have to submit an IRS Tax Return Transcript for the past tax year. The EFC Formula, 2017–2018 3. What is the definition of an independent student? Because the EFC formula for a dependent student uses parental data and the two formulas for independent students do not, the first step in calculating a student’s EFC is to determine his or her dependency status.

If your EFC has a string of “0s” it means that your Expected Family Contribution is $0. This means that given your family’s financial situation, the college in question does not expect your family to contribute any amount of money to your education. While tuition at this school is not high, the school has few resources to give students merit or school-based grants. The following examples are how a school might use a student's EFC Code. Student With EFC 00000. It's important to understand that just because your EFC code is $0, that does not mean the college will give you full financial aid. EFC is the Expected Family Contribution, and means just that, what they expect your family to contribute to your education costs.

It should be located at the top of your SAR and it will read: EFC: 00000 This means that based on the information on your FAFSA, your Expected Family Contribution is 0, meaning that your family is low income enough that you would not be expected to afford anything toward your own education. What Is a Good EFC Number? Most parents misunderstand how an EFC number is used and it is generally assumed that a low EFC number is a better number. In general, a lower EFC number will result in a higher award from the government. EFC numbers are calculated by schools using the same scale as does the government. Jan 03, 2020 · EFC stands for Expected Family Contribution. This is the amount your family is expected to contribute toward your college education.

You may be eligible to receive a Federal Pell Grant and other federal student aid. Based on your EFC of 00000, you may be eligible to receive a Federal Pell Grant of up to $5,550 for the 2011-2012 school year. " Can somebody please break this what does an efc of $14,000 mean. posted by .

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EFC Nine Month, CO Work Study without regard to Need, Waiver Code 1 1, 1 , 1, 09, 000000, 0, 05200, 00000, 00000, 00000, 00000, 00000, 00000, 00000

If your SAR is selected for verification, you and your parents will have to submit an IRS Tax Return Transcript for the past tax year.