<p>I need help really understanding my SAR report. I want to know exactly how much of the money will be coming to me? I mean what number on my report reflects the amount that will be sent to me? I have contacted my financial advisor but he acts like he cant give me straight forward answers so does anyone have an answer for me?</p>
<p>Are you talking about the SAR report from FAFSA? If so, nothing on the SAR report comes to you. The EFC on the SAR report is simply a number that is used by the school to determine what federal aid you are eligible for.</p>
<p>For instance the main federal grant, the Pell grant, requires an EFC of between 0 to 5273 ish. If you have an EFC of 0 then you are eligible for the max Pell of $5550. As the EFC goes up, the Pell eligibility goes down inversely until at EFC of 5274 you are not eligible for any Pell. </p>
<p>Nothing is sent to you. All financial aid (including federal aid) is offered through the school. It is first used by the school to cover any direct expenses at the school (tuition and fees, books if you buy them at the school, room and board if you live on campus). if the expenses exceed the FA the you owe them money. If the FA exceeds the direct expenses then the excess for the semester is sent to you for you to use for other non direct expenses.</p>