<p>My efc was 780. I am assuming that it good. But, last year my efc was 10. For the year I still ended up paying a lot for tuition. What can this mean? Will I still receive a significant amount of aid?</p>
<p>eg…contact your school. They will be able to tell you if your new EFC will make a significant difference in the aid you will be receiving for the upcoming year.</p>
<p>You will receive a smaller Pell grant this year. What it means depends on your school and the aid available to students at your school. No one here can tell you what your awards will be. Only your school can do that, and they may not be able to do that until they have packaged aid for the upcoming year.</p>
<p>Did you file your FAFSA by the priority deadline last year? Were you selected for verification and if so, did you complete verification in a timely manner? If the answer to either of these questions is no, you may not have received the best possible aid package you could have received last year. If you meet deadlines this year, you may end up receiving a better aid package. Then again, maybe not … the school may not have grants to award, so the Pell could be all the need based aid you will receive. Often, public schools will not award grants to OOS students. There are a host of reasons you might not get a better award package.</p>
<p>The bottom line is, you can discuss your situation with your school if you are worried that you can’t afford the costs. They can tell you what you might reasonably be able to expect in the way of aid for next year. If you find that you will not be able to afford it, you may need to investigate more affordable options.</p>
<p>That’s hard to say since we don’t know what you’re receiving now and which college it is. Your Pell grant will certainly go down by $700 or so. Depending on the school, you may not be eligible for SEOG and perhaps Perkins loans. You still have a very low EFC but some schools just don’t have enough of those funds so they give them out according to the EFC. Institutional aid policies vary widely so the best source of information will be your own FA office.</p>
<p>What aid did you get this year?</p>
<p>How much does your school cost for tuition, room, board, books, fees, etc.</p>