<p>My kids efc is 5400 what is she eligible for?</p>
<p>As far as federal aid is concerned? Too high for federal grant money. Every student is eligible for student direct (Stafford) loans - the maximum for a freshman is $5500 of which up to $3500 may be subsidized if there is financial need. Other than that, it depends on the school. Work Study has very limited funding and the schools usually have less WS funds than they have students eligible for it. With a 5400 EFC she may or may not be eligible - depends entirely on the school. Any other aid would depend on the school (if they have institutional aid they offer, many do not, some do), and on your state (some states have student aid, some do not).</p>
<p>ap55…can’t answer your question at all. The financial aid policies for awarding need based aid vary wildly BY SCHOOL. With an EFC of $5400, however, the only federally funded need based aid this student is guaranteed as a freshman is $5500 in Stafford loans. Her EFC is too high to be eligible for the Pell Grant.</p>
<p>ap55</p>
<p>As the above posters have noted, your EFC is too high for federal grants. This can be disappointing since many schools don’t have much aid to give, so a 5500 loan often doesn’t cover much of the costs.</p>
<p>Depending on your child’s stats, she may get some merit scholarships from some schools. </p>
<p>Also, some states have aid as well. However, it’s unknown if your income is too high for that as well.</p>
<p>EFC really doesn’t mean “expected family contribution” …that is a misnomer. Schools don’t have to do anything with that number except award whatever fed aid you qualify for. A school can cost $28k per year, and you can have an EFC of 5400 and the school may only give you a 5500 loan.</p>
<p>Most schools gap.</p>