What happens if your efc is 0000

If you plan in advance, you may be able to slightly lower your EFC by:. If you do not feel comfortable with those options or they do not seem feasible, there are ways to make your EFC number less of a burden.

Merit-based scholarships including those for artistic and athletic ability do not usually take into account the EFC number. In addition if you have an EFC number that you think you cannot afford, you may apply for need-based scholarships through the college or independent organizations. An EFC number under often qualifies you for a work study job. While most of these jobs are catered to students, giving them flexible hours and time to study, their pay is often low and any money earned is directly applied toward tuition and fees.

If you qualify for a work-study job, you have the option of turning it down. You may be able to get a job off-campus or a higher-paying position on campus and make money above what the work-study position offered. However, you must be disciplined enough to apply your earnings toward tuition and fees.

This decision is difficult for students who have their hearts set on attending a specific college. As far as financing college — everything. 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. Financial need is the difference between the cost and the Expected Family Contribution.

If you get a zero EFC, you might think that you are getting a full ride to college, but that is not necessarily the case. Not necessarily. Pell Federal Educational Grants money that does not have to be paid back Federal Work-Study Program does not count as financial aid income for student Perkins Loans Subsidized Unsubsidized Stafford Loans You will see these programs in the financial aid award example below.

Perkins loans are campus-based meaning decisions are made the college you are attending. Available for students with exceptional financial need EFC 0 qualifies , No interest rate is charged while the student is in school at least half-time, Repayment starts 9 months after graduation. College Strategy Alerts — Free! Name Email. Coach For College. College Financial Planning. About Us. Circular disclaimer: To ensure compliance with requirements imposed by the IRS, we inform you that any U.

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