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What does my EFC mean?

My EFC is 0. Ok so what does that mean exactly? what school should I apply for to give me full paid tuition?

  • alright I have an efc of 0 and am trying to go to a school in New York. Which means I'm going to have school housing as well. So since my EFC is 0; what schools can i apply to that will most likely offer me a full ride? Some people say IVY league schools give the most aid but some are saying that a community college is the most likely to get a free ride. Does anyone know what type of school my EFC can get me full tuition paid for?

  • Answer:

    With an EFC of 0 you can attend any school you wish, but it will not necessarily mean you will get a full ride. An EFC of 0 means you will qualify for the maximum amount if federal Pell grants. Which is 5,350 for the 09-10 academic year if you attend full time. You may also qualify for free state grant money as well, but those amounts differ greatly by state and you didn't mention where you were. My state's full state grant amount is an additional 1,000.00 If you choose a school who's tuition, fees, books, etc is less than $5,350 plus any other state or federal aid you are awarded, I would consider this a "free ride". If you attend an in state community college, you should have NO problem attending for under the 5,350, plus you will prob have extra left over for living expenses, transportation costs, laptop, books, supplies, etc. Chances are however, if you are choosing an expensive out-of-state school, you will not get enough free money to cover all your costs and you will have to take out student loans, which of course aren't "Free" money because you pay them back. I'm attaching a link with other possible federal grants you might get like the FSEOG. Sorry I could not be more specific, but without knowing where you are or how early you submitted your fafsa, it's a little difficult to answer. Good luck.

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Just because your EFC is zero doesn't mean you qualify for any scholarships. That is what the school uses to determine how much financial aid you are eligible for, not what scholarships you can get. Financial aid being mostly loans.

paganmom

The EFC is the "Expected Family Contribution". This just means that your financial status makes it impossible for you to be able to contribute to your educational funding at this point in time. http://www.fafsa.ed.gov/faq003.htm This might be able to answer your questions. How much funding you are eligible for is basically dependent on your household income, and independent students are eligible for more aid than dependent student. At this point, public schools are making a lot of financial cutbacks, which is why private colleges are giving more aid at this point in time (according to the college I am attending). But, with FAFSA, you are requesting loans and grants (you usually end up with Pell and possibly a state grant, and those two grants are not enough to cover tuition, so you'll be requesting more in loans). Your best bet for getting a "full ride" is to begin searching for scholarships and extra grants now. Try googling "Fastweb" and searching for grants on the internet, and registering for the free services. Fastweb matches you with scholarships, grants, and internships that match your profile, and is very helpful. Hope this helps!

Unpretty

If you attend a "need blind" institution, then you should receive a full ride. "Need blind" means they don't factor in ability to pay into the admissions process and they will pay for whatever portion of the bill you can't after federal grants and Stafford loans, which max around $5000 I think. Since you can't pay anything really, this could be very close to a free ride. Some institutions even have a policy of giving enough aid so you don't even have to take out loans.

Wondering

If your EFC is zero which means you cant recieve any financial aid i think, dont know. dont know and schools offering full paid tuition. what have you got to offer? if its a lot then probably yes. yes ivy leagues give out more financial aid but they also cost more so it wont really help. yes being independant makes a lot of difference. it allows you to get more money.

elistine

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