<p>When I fill out my form, will I receive all of the financial aid money that It says i am eligible for?
If not, what are the factors that determine if I get more or less than the given amount?</p>
<p>FA is determined by need and nothing else. Merit aid is based on your scores/stats.</p>
<p>If only it were that simple! A day or two after you submit your FAFSA, you’ll receive an email telling you that your SAR (Student Aid Report) is ready. Log back in and the SAR will tell you what your EFC (Expected Family Contribution) is. I don’t recall ever seeing any numbers, other than EFC, on a SAR, so there is no monetary amount of financial aid produced by the FAFSA. If you’re applying to instate colleges there may be a link to your state aid application following FAFSA submission. State aid results may give you dollar amounts that you would be eligible for from their programs.</p>
<p>Your school(s) will download your FAFSA information and use it (along with their own FA forms and Profile, if used) to package your financial aid. They will send you an award letter which includes need and merit-based aid.</p>
<p>*hen I fill out my form, will I receive all of the financial aid money that It says i am eligible for?
*</p>
<p>No!</p>
<p>Didn’t you ask this question before? </p>
<p>You can have a low or 0 EFC, which means that you’re “eligible” for lots of aid, but that does not mean that you’ll get that much.</p>
<p>For instance, you’ve mentioned being out of state for UAz (or maybe it was ASU). You have a very low EFC. UAz costs about $38k per year. You may have an EFC of 0, which means that you qualify for lots of aid…but you may get very little aid.</p>
<p>Most schools do not have much aid to give. So, a person may be “eligible” for lots of aid, but receive very little.</p>