What is your EFC on FAFSA?

[smarts1]

So I filled out my FAFSA and submitted it. It says my EFC will be 1600... Don't most students get an EFC of zero?

What did the rest of you get?

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[SnakeOilForSale]

0. My parents are dead broke and I haven't lived with them in years though, so that means something. Your EFC is higher if your parents have a decent income or they support you.

 

[GoPelicans]

Mine was about 9K. I don't get why it's so high, my mom (single parent) makes 35K and I make 30K working a gap year job. I definitely thought I would qualify for a lower EFC. My earned income from interest was kinda high because I've been saving all my money in a bank account, that's the only reason I can guess why it was so high.

 

[chenzt]

Zero, but the number has little meaning for us graduate students.

 

[Ismet]

It doesn't matter. You'll be able to take out loans up to your COA regardless of your EFC.

 

[sazerac]

I got an EFC of $99,999 which I am pretty sure is the maximum. I still qualified for staffords + gradPlus up to the full COA of each school.

The EFC is irrelevant for medical school. You don't have to spend a dime of your own money if you don't want to.

 

[compstomper]

It certainly does matter for institutional needs based aid (discount off of tuition) of the individual schools. Your eligibility for these types of aid also depends on a variety of other factors in addition to your EFC.

Your EFC has no effect in terms of your eligibility for Stafford and Graduate PLUS loans.

 

[Jimsy]

I got an EFC of $99,999 which I am pretty sure is the maximum. I still qualified for staffords + gradPlus up to the full COA of each school.

The EFC is irrelevant for medical school. You don't have to spend a dime of your own money if you don't want to.

Can I have a dollar?

 

[sazerac]

It certainly does matter for institutional needs based aid (discount off of tuition) of the individual schools. Your eligibility for these types of aid also depends on a variety of other factors in addition to your EFC.

Your EFC has no effect in terms of your eligibility for Stafford and Graduate PLUS loans.

That depends on the institution. I received several scholarships from my medical school, including some that were "need based", despite my EFC.

If you thought medical school admissions were an unfair and random crap-shoot, wait until you explore the world of medical school scholarships. Admissions will feel downright deterministic.