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Fafsa question on my EFC? |
today, one of the people that work at the federal aid office in my campus changed my information so my EFC went up from 0 to 60. what is EFC and is this bad or what? Thanks. What probably happened is that you were selected for Verification. When that occurs you have to submit information so a school can check the accuracy of your FAFSA answers. they expect you to contribute $60 to your education, if you have workstudy or grants it will probably cover that 60 dollars, don't fret. EFC - Expected Financial Contribution This is not a huge change. It means that if all the information on your fafsa is correct and if you meet about a million other school requirements, no defaulted student loans, decent college gpa, no bachelors degree, degree seeking, then you will receive about 2130.00 in the fall and 2130.00 in the spring in federal Pell grants if you go full time. This is money you do not have to pay back. |
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