NurseWords.com

The meaning of nursing abbreviations may vary depending on where you live. We do not endorse using any abbreviation. Do not use the information found on this site when dealing with real patients.

1 Answer to “what does fafsa student aid EFC mean?”

1. August 14, 2011

   A EFC of 935 means your family is expected to pay only $935 toward your college expenses. It doesn’t mean you will automatically get tons of scholarships and grants, it means you are eligible to receive nearly the maximum amount of need-based financial aid (grants and loans). By completing the FAFSA, you have automatically applied for federal government financial aid awards. Federal grants include the Pell, FSEOG and Academic Competitive Grants, and Federal Work Study (on-campus job). Many states, colleges and universities consider your FAFSA form the only application needed to apply for grants and scholarships they offer. Check with the colleges you applied to see if this is the case. By completing the FAFSA you also have applied for Federal government low-interest loans (you don’t have to accept the loans if you are offered them). Federal government loans include the Perkins, Stafford (subsidized and unsubsidized Stafford loans) and PLUS loans (PLUS loans are Parent Loans for Undergraduate Students). When the colleges you have been accepted to send your financial aid award letter to you in March-April 2009, all the financial aid they are offering you (scholarships, grants and loans) will be listed. You can accept or reject any or all of the financial aid they offer you. By having an EFC of 00935, you should get a lot of federal financial aid. Good luck, I hope this helps.