Your COA (tuition,fees,room &board etc)……………10,000

Your EFC (estimated family contribution)………. 1,000

___________

Student need (your balance)………………………… 9,000

based on this amount you will be awarded

grants and student loans….

Depending on the cost of hte school you attend and your location, you may end up paying nothing at all. If you are attending a pricier school you may need to take out student loans (private and/or federal) to cover the remaining amount .

I attend commuity college with an EFC of $1110. But, because my school tuition is so low I pay nothing to attend school and recieve a refund check for the remaining financial aid not used for tuition and such. On the other hand a friend of mine attends a private university and with a n EFC of $0 she still had to take student loans out to help pay her tuition.

Hope this helped. Good Luck!!! 😀

An EFC is the figure that the US Department of Education and your college’s financial aid office will use to determine your eligibility for financial assistance. It is NOT what you will have to contribute out of pocket for your educational expenses. Your EFC directly corresponds to how much Pell Grant you are eligible to receive. At the school, the aid office will take your Cost of Attendance (as determined by the school) and subtract your EFC to determine your financial need. The aid office will then try to meet your financial need with financial aid based on federal and institutional policies.

Congratulations!!!