<p>It says that my EFC is: 60. What exactly does that mean?</p>
<p>Anyone? :(</p>
<ol>
<li><p>Does that mean $60.00, or are you supposed to add some 0's to it? </p></li>
<li><p>Is that EFC for the first year of college, or all four years?</p></li>
</ol>
<p>60 sounds like $60. This is your EFC for next year.</p>
<p>Wow, are you sure? $60.00 is a really random number.</p>
<p>It only makes sense if your parents have very low income and no assets. </p>
<p>So what it means is at schools that meet 100% of need (not many), that will be your family contribution.</p>
<p>
[quote]
So what it means is at schools that meet 100% of need (not many), that will be your family contribution.
[/quote]
</p>
<ol>
<li><p>Which schools meet 100% of one's need?</p></li>
<li><p>How much would the UC's give me with that much EFC?</p></li>
</ol>
<p>Thank you so much FASpecialist.</p>
<p>Anyone know the answers to the following questions: (?)</p>
<p>
[quote]
1. Which schools meet 100% of one's need?</p>
<ol>
<li>How much would the UC's give me with that much EFC ($60.00)?
[/quote]
</li>
</ol>
<p>With the UCs, you will likely see a package with about half loans & work study and half grants. You would see pell grant, seog grant, UC grants, ACG grant totalling somewhere around $10-$14k depending on the UC, the rest work study and loans....in my experience, having seen several low EFC financial aid offers of various kids.</p>