<p>I can't remember this but at least one of you out there knows this: I think I remember that an EFC of 4042 or more, means a student is not eligible for a Pell grant. I know the Pell grant is also decreased as the EFC increases up to this amount. So I am working with a family with an EFC of 4919, and am wondering, if they had earned (both parents working) around $900 less, how much more would they have been eligible for in Pell grant money? Just wondering, for next year. Most of the students I work with (inner city high school, I am the "College Advocate," really a fabulous job) have an EFC of Zero, so this family is sort of an anomaly, and I fear they will not be happy as financial aid packages come through.</p>
<p>2009-2010 the max EFC is 4618. 4618 and up = no Pell</p>
<p>But remember earning $900 less would not reduce the EFC by 900. There is a certain amount of protected income then the % of income that goes toward the EFC ranges from @ 22% up to 47%. And parent assets (5.6% of unprotected) come into it. And student income (50% of unprotected income) and student assets (20%).</p>
<p>So this family is off by $300? If they had been slightly under,how much Pell money would they have qualified for? Thanks SCM!</p>
<p>4617 would qualify for 976 Pell. But might also qualify for the ACG of $750 if they met academic requirements</p>
<p>This might come in handy for your work…so glad someone is there helping kids figure this out!
<a href=“http://www.ifap.ed.gov/dpcletters/attachments/P0901PaymentSchedules1D.pdf[/url]”>http://www.ifap.ed.gov/dpcletters/attachments/P0901PaymentSchedules1D.pdf</a></p>
<p>I forgot about the ACG. I believe this student would have qualified for that as well. Shoot, another $750 AWOL. I am sort of worried that this family is in for a BIG shock as the f. a. packages come in–I don’t think they realize they are in the middle class, and may not get much (69K income I think). Thanks, sk8, for the referral.</p>