Efc pdf

Here are three examples of how this calculation will work:. Some schools or organizations also offer financial aid that is not need-based, to provide further financial assistance. In other words, your eligibility is based on the amount remaining, after receiving need-based aid, scholarships, and grants.

Your EFC is not considered here. Many of these scholarships have no household income requirement and are open to all kinds of families, not just low-income ones.

Going Merry is your best source to find those external scholarships. Having an EFC of zero does not mean the school will cover the complete cost of attendance which, in your case, equals your financial need. After the amount your school is covering is subtracted, the remaining amount is called unmet need.

One great way to help with this is to apply for outside scholarships. Going Merry is a great way to find and apply for outside scholarships efficiently. Sign up for an account here , or read about how it all works. Once you receive your college admissions letters go you! We also recommend that you consider what percentage of your aid package is loans that you have to pay back vs.

Remember that the more expensive college based on listed tuition costs may actually still be more affordable for you , if they offer you a more generous aid package. We recommend you start early to make sure college is affordable:. Feeling better about financial aid? Sign up for a free Going Merry profile so we can match you with the best outside scholarships. Just answer 7 quick questions. No sign-up required. Back to all posts. Shalon B. Categories: Financial Aid. Jump to:. What is the EFC? Rankings or Student Engagement?

It is not the amount of financial aid you will receive. A good EFC number? The lower the number the better for financial aid qualification. The video above explains in more detail what your EFC means. Timing Factors Must Be Considered — Know the Rules Watch time of events, example income is assessed for the base year year prior to completing forms and assets are assessed as of the day you sign the form. College Strategy Alerts — Free!

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