Efc 00000 reddit

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However, my reported EFC (Expected Family Contribution) is "00000" This makes absolutely no sense to me because my dad's a dentist with the income statistics that go with the field Do you guys think I should call FAFSA or Thread EFC of 00000, now what? Author Date within 1 day 3 days 1 week 2 weeks 1 month 2 months 6 months 1 year of Examples: Monday, today, last week, Mar 26, 3/26/04 EFC is the Expected Family Contribution, and means just that, what they expect your family to contribute to your education costs. Since yours is 00000, like mine, that means that you are not Jul 25, 2009 · An EFC of zero does not mean that you pay nothing for school, and an EFC of 3810 does not mean that you pay $3810, either. An EFC of zero will qualify you for a Pell Grant of as much as $5350, depending on your registration status (full or part-time), and the Cost of Attendance at your school. Oct 20, 2019 · EFC stands for Expected Family Contribution. This is the amount that the government says that you can afford to contribute (for one year, not in total) for your child’s college education. According to FAFSA , it “is a measure of your family’s financial strength, and is calculated according to a formula established by law.” Mar 13, 2009 · Your EFC score of zero indicates that you have demonstrated "exceptional need".

Efc 00000 reddit

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83% Upvoted. This thread is archived. New comments cannot be posted and  Estimated Expected Family Contribution (EFC)= 000000. Pell Grant Estimate - $5,920.00. Direct Stafford Loan Estimate - $12,500.00 (although I'm not interested  A zero EFC just means you'll be eligible for the most financial aid; it's the lowest Expected Family Contribution. 10.

EFC was imputed for 47 percent of the 61,767 students on the file:hputation regression equations were Applies to: AN respondents. RANGE: ($0 - $1 00,000).

Efc 00000 reddit

If your income is below $49,999, your family qualifies for a simplified needs test. This means both the parent’s and student’s assets are not counted in the EFC calculation, and may lead to a 00000 EFC result.

EFC is the Expected Family Contribution, and means just that, what they expect your family to contribute to your education costs. Since yours is 00000, like mine, that means that you are not

What does a FAFSA EFC of 000000 mean? 4 comments. share. save. hide.

Also, the  I read that 000000 gives you maximum aid. Is my number low or high? If its not high, what efc score would be considered high? 344 votes, 113 comments. For an experiment. It seems like most people on the sub are pretty wealthy.

Efc 00000 reddit

Author Date within 1 day 3 days 1 week 2 weeks 1 month 2 months 6 months 1 year of Examples: Monday, today, last week, Mar 26, 3/26/04 EFC is the Expected Family Contribution, and means just that, what they expect your family to contribute to your education costs. Since yours is 00000, like mine, that means that you are not Jul 25, 2009 · An EFC of zero does not mean that you pay nothing for school, and an EFC of 3810 does not mean that you pay $3810, either. An EFC of zero will qualify you for a Pell Grant of as much as $5350, depending on your registration status (full or part-time), and the Cost of Attendance at your school. Oct 20, 2019 · EFC stands for Expected Family Contribution. This is the amount that the government says that you can afford to contribute (for one year, not in total) for your child’s college education. According to FAFSA , it “is a measure of your family’s financial strength, and is calculated according to a formula established by law.” Mar 13, 2009 · Your EFC score of zero indicates that you have demonstrated "exceptional need". That classification applies to about 1/3 of all of the financial aid applicants each year.

Fordham was 47k for me but not all aid is here yet apparently. Chapman/LMU are Aug 02, 2013 · What your parents are planning to pay doesn't matter in the slightest in the EFC measurement. What your parents can pay is the only thing the EFC is supposed to measure. If your EFC is higher than the COA, you just get no aid. It's not like they're going to create a negative financial aid package where you have to pay the rest of the 500,000. *MOST IMPORTANTLY: some people on Reddit will discourage you citing that your GPA is too low.

For 2021-2022, that number was $27,000 or below on your 2019 income tax return. If your income is below $49,999, your family qualifies for a simplified needs test. This means both the parent’s and student’s assets are not counted in the EFC calculation, and may lead to a 00000 EFC result. I asked the Reddit for their favourite EFC badge! These were the results, thoughts?

Mar 03, 2011 ·

I think it depends on the school. We had an EFC in the high $20K's and my son got grants from every school he applied to except one. And they weren't pocket change either. All were over $10K/yr. He also got merit aid from every school he applied to (except the ones that don't give any) from $17K-$22K/yr.

Student AID Report EFC Codes Explained.

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Federal Student Aid Loading

It is the maximum expected contribution, not necessarily what you actually must or will pay. The EFC, or Expected Family Contribution, is a measure of your family’s ability to pay for college based on what you entered into your Free Application for Federal Student Aid . It’s a measure that many (though not all) colleges use to determine their financial aid offers for students. Once we solidify your EFC number, the EFC software produces a report showing the components of your EFC number for analysis. Here is a sample. Pie Graphs of FAFSA EFC and CSS PROFILE EFC showing Parent and Student Income and Asset Contributions to the Family EFC number. Your Expected Family Contribution (EFC) is an index number that colleges use to determine how much financial aid you’re eligible to receive.