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<p>No, that is not correct.</p>
<p>First, most schools that meet full need use their own EFC formula, rather than the FAFSA one*. So a student with FAFSA EFC = $0 may find that some schools calculate EFC > $0.</p>
<p>Second, all schools expect a student contribution from federal direct loans and work earnings. The student contribution typically ranges from $4,000 to $10,000.</p>
<p>*Exception: UCs for California residents only; student contribution is about $9,000 in this case.</p>
<p>Use net price calculators on each college’s web site to get financial aid estimates before applying.</p>