FAFSA and EFC

[215512]

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I know this is in the fin aid forum but i want some pre-pod insight. If my EFC is 00000, what does this mean in terms of loan types/amounts? I have always had a higher EFC and this year its zilch...hmm

 

[Wuxingwarrior3]

EFC stands for expected family contribution. The lower it is, the less you'll have to pay out of pocket for tuition, so congrats!

 

[JEWmongous]

EFC stands for expected family contribution. The lower it is, the less you'll have to pay out of pocket for tuition, so congrats!

My EFC is 0 as well. Is this normal for most people going to pod school???

 

[iceman69]

EFC only matters if you're parents don't make diddly. EFC is calculated based upon your parent's financial standing, i.e. how much they pay make pre-tax. Good luck finding many people with an EFC=0. You have to start your professional schooling as a catagorical non-traditional student to have your EFC=0.

 

[JEWmongous]

EFC only matters if you're parents don't make diddly. EFC is calculated based upon your parent's financial standing, i.e. how much they pay make pre-tax. Good luck finding many people with an EFC=0. You have to start your professional schooling as a catagorical non-traditional student to have your EFC=0.

I'm a college student who only works about 15 hours a week on campus. Used my mom's fin info which was a lil over 100K yearly. In the end, a EFC of 0K was listed on the score report.

Compare this to my final year at private undergrad with the same financial stats, I had an EFC of 23K.

 

[p0d]

After you earn your bachelor's, you're considered an independent so your EFC depends on your income, not your parents'. Entering your parent's info will help you qualify for loans such as the Grad PLUs loans or student health professional loans.

Here's a dental forum about it..
http://forums.studentdoctor.net/showthread.php?t=607781