I got my EFC, what now?

<p>My EFC is 00000. What do I do now? How do I find out which grants I can receive and if they will provide me with the grants?</p>

<p>Any help is appreciated.</p>

<p>The schools that you get accepted to will tell you the financial package that they'll provide.
for one, if you're qualified for/applied to calgrant, you get like $6,141 / year for four years.
plus other grants/scholarships/loans/work study</p>

<p>It is for the school I am already attending. Do I have to contact my college to see which grants I can receive?</p>

<p>Any help is appreciated.</p>

<p>Oh dang... I think it has something to do with my FAFSA being verified.</p>

<p>If your FAFSA was selected for verification, schools typically do not offer student aid until after the student has completed the verification process as any incorrect information can change a students need-basis. If your EFC stays at zero after the process is complete then you will probably be eligible for most need-based aid, such as Pell Grant and Subsidized Loans. Being as I am in Virginia, I am not sure how California State aid is determined.</p>

<p>except for the CalGrant, you don't "apply" for grants. The schools has a certain amount of money in federal/state/institutional grants that it provides as financial aid. </p>

<p>Check to see if you need to send in anything to verify your EFC. That way, it is done and you can get your FA package as soon as possible.</p>

<p>I am not familiar with Cali, but check on applying for the CalGrant.</p>

<p>Otherwise -- you have to wait and see what your FA package looks like. With a "0" EFC, it will contain the maximum amount of stafford loans ($2625 for dependent freshman) plus work-study (probably about $4000 -- $5000 for the year) plus you may get some perkins loans. Your package should contain pell grants and may contain a federal supplemental educational opportunity grant.</p>

<p>you also need to check and see if the school "gaps" or fails to meet 100% of need. many, many school do gap. if the school gaps, then you will be responsible for the difference between the cost of attendance and the financial aid package. check college board for your school to see if they gap.</p>

<p>If it is for the school that you are already attending, I would imagine that you are already familiar with the school's willingness to provide you with grants. Your package will probably be similar to the package that you got last year...</p>

<p>how do you know if you're selected for verification?</p>

<p>Cal Grants are only available if you're going to a California school. It looks like FAFSA and verified GPA is all that's involved with the application (both with looming deadlines). Check out the details at: <a href="http://www.calgrants.org/%5B/url%5D"&gt;http://www.calgrants.org/&lt;/a&gt;&lt;/p>

<p>Some colleges (not only the hardest to get into) promise to meet all or most demonstrated need. Once you know your EFC, you can know--almost precisely--what it will cost you to go there?</p>

<p>the ? was accidental</p>

<p>that was a statement, not a question</p>

<p>the ? was accidental</p>

<p>that was a statement, not a question</p>

<p>wow if my efc is around 20k.. this prolly means i get nothing from public colleges but perhaps something for privates? afterall it is 40k to attend!</p>

<p>if the cost of a college is over your EFC, does that mean you'll get a financial aid? or does that mean that you'll get a student loan?</p>

<p>It depends on the Institution. The EFC is truly a figure which is plugged into a formula to determine eligibility for need-based aid. In most cases, students will almost always qualify for unsubsidized loans regardless of what their EFC is.</p>

<p>where can you find efc?</p>

<p>Your EFC is located on your SAR report.</p>

<p>What does the EFC number mean? Is it the lower it is, the more money you receive? How is that specific 3-digit number determined?</p>