Efc = 00000

01-21-2013 at 10:26 am. lilmelonred, As a NYS resident with a ) EFC you will be eligible for. $5500 Pell (entitlement to be used at almost every college) $5500 Loans (entitlement) $up to $5000 in TAP if you attend school in NYS (keep in mind that TAP will ask for the income/assets of both parents).

An EFC of $0 simply means that you have no ability to pay for college but that doesn’t mean you pay nothing at all as most colleges do not meet 100% of your financial need, but instead leave a gap. Oct 20, 2011 · EFC is your "Expected Family Contribution" and if it is all 0's then this means you will qualify for the maximum Pell Grant. The max for Pell Grant is $5550.00. This is normally split in halfif you are going to a credit hour college then it will be $2775.00 for your fall and $2775.00 for your spring semesters.

28.12.2020

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. — http://collegemoneyacademy.com/efc-of-zero--This family completed the FAFSA to discover their EFC (Expected Family Contribution) was the lowest it could po Apr 26, 2017 · The zeros ARE your EFC number. 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. Nov 01, 2007 · what does 00000 * C mean on the fafsa thingy?

Federal Student Aid Loading

$5500 Pell (entitlement to be used at almost every college) $5500 Loans (entitlement) $up to $5000 in TAP if you attend school in NYS (keep in mind that TAP will ask for the income/assets of both parents). The Expected Family Contribution Formula. Your EFC is calculated using information you’ve … Jul 25, 2009 Apr 30, 2009 What does an EFC of 00000 mean? An EFC of $0 simply means that you have no ability to pay for college but that doesn’t mean you pay nothing at all as most colleges do not meet 100% of your financial need, but instead leave a gap.

Aug 2, 2019 An EFC of 00000 means that your expected family contribution to college is $0.00 . It also means you are highly eligible for need-based aid from

You will be eligible for a lot of federal financial aid for college, but not all of it will be free. efc: $24,028. If the school cost around $24,000 or less, the family would receive zero need-based financial aid. On the other hand, if the college cost more than that, there is a chance the student would receive need-based aid. Nov 04, 2018 · What Does the EFC Code Mean?

I recently filed for financial aid a few minutes ago and it said that my EFC was 00000.

This means that your Expected Family Contribution (EFC) is 0. The lower your EFC, the less your family is reasonably able to contribute to your own education, meaning you have more financial need. Federal Student Aid Loading 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.

A student will also have a 0 EFC if they are considered independent from their parents. An EFC of 00000 means that your expected family contribution to college is $0.00. It also means you are highly eligible for need-based aid from the school you plan on attending and from the government such as Pell Grants and Subsidized loans. 2 days ago · 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?

For example, 12000 is $12,000. The EFC is not like Costco prices, where some of the digits have special significance. For example, if a Costco price ends in 97 cents, it is a discounted price, while a price that ends in 99 cents is the regular price. If the Costco price ends in 88 or 00, it is a manager markdown. Instead, the EFC is a dollar amount. EFC is the Expected Family Contribution, and means just that, what they expect your family to contribute to your education costs. Since yours is 00000, like mine, that means that you are not Favorite Answer EFC is your "Expected Family Contribution" and if it is all 0's then this means you will qualify for the maximum Pell Grant.

What exactly does that mean?

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Apr 30, 2009

— http://collegemoneyacademy.com/efc-of-zero--This family completed the FAFSA to discover their EFC (Expected Family Contribution) was the lowest it could po Understanding what your EFC means and how financial aid officers use it will help you make a more informed—and possibly more affordable—college choice.

Collection Fafsa Number Meaning. Review the fafsa number meaning collection of photos. Or see: fafsa efc number meaning 00000 and on polishund ras.

EFC has an asterisk after the end of the last number (example: EFC: 00000*) Aid Report (SAR) next to student's EFC or the Office of Financial Aid will send a EFC 00000 – family expected to contribute $0 to college; EFC 05000 – family expected to contribute $5000 to college funds. Calculated assuming 5.64% of Estimated tuition and fees, $00,000. + Estimated room and board charges.

( Includes rooming accommodations and meals). $00,000. + Estimated cost of books Oct 1, 2019 EFC. • The amount of money a student and his or her family may Colleges use EFC to award financial aid Numbers, list 000-00-0000. The Expected Family Contribution, better known as the EFC, is a term used in the financial aid process to determine an applicant's eligibility for federal student 00000 to 99999. Right. 12. 9 Student's Need-Based Employment 0000000 to 9999999.