<p>Scott’s method is a good starting point, but I wouldn’t rely too heavily on averages if you have a 0 EFC. Averages include people with much higher EFC’s who will not qualify for the grants and loans that are available to you. Also, you’re likely to get additional grants as a SC resident if you stay instate.</p>
<p>Briefly, a 0 EFC means you’ll be eligible for:
Pell grant ($5350 for 09/10)
ACG ($750 year 1) if you meet academic criteria
FSEOG, if available - amount is determined by the school
Perkins subsidized loan - amount is determined by the school
Stafford subsidized loan ($3500 year 1)
Stafford unsubsidized loan ($2000 year 1)
Work study - amount is determined by the school
State aid - research aid available if you stay instate
Institutional aid - this is where the average percentages can give you an idea if you’ll get merit or need based aid from the schools.</p>