What if my efc is 00000

In most cases, your plan will have a minimal effect on the amount of aid you receive and will end up helping you more than hurting you. A full need student, who has a zero EFC, might qualify for enough financial aid to cover the full cost of attendance. The Middle Class Scholarship reduces student fees at the California State University and University of California by up to 40 percent for middle class families.

If your parents make too much money for you to get financial aid, you still have options to pay for college. Trying to understand the EFC number and what it means? 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.

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. Once your FAFSA form is received, the schools arrive at a number between 0 and that will result in a federal student aid grant for the following academic year.

Any person with an EFC number at 0 will receive the maximum amount of student aid, while a number over will result in no aid at all. The numbers, and the amount awarded, fluctuate annually. The closer you can get to zero, the more federal dollars you'll have to help pay for tuition and fees.

Learn about what financial need met means and how your EFC number integrates into a percentage formula. Even families with an EFC of Zero can end up with a funding gap.

But at the same time the school may choose to provide a very low percentage of financial need. Unfortunately the actual financial aid awards can vary because the average need met is an average number for the student population incoming freshman and upperclassmen at the school.

They joined our Coaching Program where we prepared their appeal. The family was totally unaware of this need met percentage assuming with a zero EFC their out-of-pocket costs would be minimal. You will be guaranteed a Stafford Loan; it will probably be a subsidized Stafford that provides better loan provisions up to the maximums listed below.

Stafford Loan eligibility differs from Pell Grant as you only have to be enrolled or plan to be enrolled half-time. It is important to determine if there are any early deadlines for the CSS Profile. Pin 9. Click Here for Free College Counseling.

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