<p>For Pell Grant, the maximum EFC that is eligible for Pell (as of last year) was $5,273, and the grant amount at that EFC was $555. The maximum Pell for a “0” EFC was $5,550. The amounts have changed a bit for next year, but I do not yet have those links. The changes will reduce the amount of Pell available to those with (relatively) higher EFCs over $5,000.</p>
<p>If your EFC is similar to your 11-12 figure, no, you will likely not qualify for any Pell money. As you can see though, at EFCs around $5,000 you are only “losing” $555. You will still be eligible for Federal aid including Stafford loans and work/study.</p>
<p>You may, however, qualify for CalGrant. CalGrant is not tied to EFC, it is tied to income and asset ceilings as determined by the information on the FAFSA. The CalGrant is all-or-nothing. If you qualify, you get the full amount of the grant whether you are $1 under the ceiling or $30,000 under the ceiling. The CalGrant amount varies depending on where you attend - it covers systemwide fees at the UC and CSU (what we think of as “in-state tuition” at those schools) or $9,708 at California private universities. I have linked the CalGrant income/asset ceilings. Again, CalGrant is not tied to EFC, it is tied to income/assets as reported by the FAFSA. CalGrant B provides $1,550 additional to those who qualify to use for expenses (grants A&C can only be used for tuition.) If offered a choice of A or B, it is almost always an advantage to choose B. Look for posts by “kender” on the financial aid forum for a clear explanation when the time comes - she does a great job.</p>
<p>Current CalGrant income/asset ceilings:
<a href=“http://www.csac.ca.gov/facts/2012_13_income_ceilings_new_applicants.pdf[/url]”>http://www.csac.ca.gov/facts/2012_13_income_ceilings_new_applicants.pdf</a></p>
<p>Pell Grant schedule from 10-11. (Sorry, I have not looked up the current chart, but last time I looked they were still working on it.) <a href=“http://www.ifap.ed.gov/dpcletters/attachments/P1003PellPaymentSchedules.pdf[/url]”>http://www.ifap.ed.gov/dpcletters/attachments/P1003PellPaymentSchedules.pdf</a></p>
<p>uchappytrain’s checklist looks good. I would only add, “Bug parents until they understand that it is important to get taxes done early this year.”</p>
<p>Good luck!</p>