Hi, I recently completed my fafsa, and my expected family contribution (EFC) was determined to be zero. I have yet to receive a financial package from my accepted school, but what does this mean? Does that mean I'll be able to take out the max amount of loans to cover everything? And (of course it depends on the school, but) will I receive any grants/need-based scholarships? I did not think there was much need-based aid out there. So is it common for people to have EFC of 0.
Thanks!
Thanks!