<p>Hi! Just wanted to know if a EFC of 04879 is good? I will be going to community college and full time cost is like a flat 2k. THANKS FOR ANY HELP!</p>
<p>As far as federal aid goes, you will not be eligible for Pell Grants - the only federal aid you will get is $5,500 in Stafford loans, with a percentage of that probably being subsidized.</p>
<p>Thanks if that is true it should cover me for a while. Thank you again.</p>
<p>You are not eligible for the full pell of $5550. With an EFC of 04879, you will be awarded $700 in pell (350 per semester). </p>
<p><a href=“http://uafs.edu/sites/default/files/2012-2013%20Pell%20Chart.pdf[/url]”>http://uafs.edu/sites/default/files/2012-2013%20Pell%20Chart.pdf</a></p>
<p>What state are you from? Do they offer state aid?</p>
<p>You will be eligible for $5500 (3500 subsidized) in direct loans. If your state does not offer state aid, you will have to take out loans to attend community college.</p>
<p>You should check that the CC you are planning to attend participates in the Direct loan program. The three in my city do not.</p>
<p>Whoops - they must have boosted the Pell caps since I looked.</p>
<p>The Pell Cap is $5550. However, Op will not receive $5550 just because s/he is Pell eligible. </p>
<p>Pell takes into consideration the EFC and the cost of attendance. OP’s EFC is closer to the max EFC for Pell eligibility than it is to 0 (which is full Pell eligibility)</p>
<p>OP just barely qualifies for Pell Grant. I think the maximum EFC you can have is 4995
[IFAP</a> - Dear Colleague Letters](<a href=“http://www.ifap.ed.gov/dpcletters/P1201.html]IFAP”>http://www.ifap.ed.gov/dpcletters/P1201.html)</p>
<p>Yep, the Pell cap is <em>not</em> equal to the maximum Pell Grant, and never has been. It used to be in the $4,600 EFC range, but that was a few years ago when I was still an undergrad.</p>
<p>From the chart, the smallest possible Pell Grant is $602, for those with an EFC lower than $4,995. $4,996 and above get zero grant dollars.</p>