2018-2019 FAFSA... Here we go

twoinanddone
Thu, 05 Oct 2017 06:41:34 +0000

It is really a number that tells you what federal government aid to expect. If your EFC is under ~$6000, you’ll qualify for a Pell grant. You’ll also qualify for a Direct loan of $5500 (freshman), some which may be subsidized by the government while you are in school. Many schools use the EFC to award school funds (and sometimes state funds) too. It is not a number that tells you what you will be expected to pay for college. Most colleges do not award full financial aid to meet the need of all students.

Did your brother put on his form that he will have a sibling in school? Unless one of you has a high income or money in the bank, your EFCs should be about the same, and about 1/2 of what it would be if only one child was in school.