[Jaeho]

I just finished the FAFSA form and my EFC is 0. Yes, we're SO poor, but this is also quite nice I guess.

Anyway, does anyone else wanna share?

[Eddie]

Well, I got 20k. I'm glad it's not 40k though.

lol...

Ah, whatever.

[c h r i s t i n e]

shiet... mine is 20,000 too and it's all because of my dad's stocks. next year, my dad's going to use up all his investments to open a little store or something. so we really don't have enough money to pay for college. arghhh... i'm so stressed about our financial crap!

[MONICA]

ZEROOOOO. hahah. so lucky. it's going to change so much for the 2nd semester into college since my parents finally opened the new store...and by then i think we might even have 2 stores. gah.

[angelicXD]

so zero mean that is good. right. cuz I don't really get what EFC is. lol I know what it stand for but don't know how it work.

[Eddie]

Expected Family Contribution.
Take it apart -- expected and family and contribution.

basically, it's what's your family should be paying for one year of college. colleges re-caculate it and it should come out to a similar value.

and zero's definitely a good thing. it means your family doesn't have to pay anything (although the loans they give you, you'll have to pay back later).

wait, zero isn't always a good thing. some schools are stingy with financial aid (schools that aren't need-blind), so they might take a less qualified student with EFC 20k over a highly qualified student with a 0 EFC. There are a few schools that do not factor financial aid with admissions, but these are only a few dozen schools out of 4k+ colleges in America.

[angelicXD]

oh thank you. now I get it.

[cHenz--]

my efc is low.. i wish it doesn't affect my admission factor..

[angelicXD]

I hope it doesn't affect my admisson factor too. Becuase, my efc is low and I'm going to a nusring school that cost a lot.

I worrying about it a lot lately. very stress out.

[delightful123]

too bad my EFC is super high we're not even rich. ugh.

[yoojiners]

my EFC was 1300.

[chickyl3aby]

mine is 6,700 !!

this is a rough guess since we haven't filed for taxes and raelly calcuated everything yet... ah..

[akira53]

my EFC is about 8500...but IMO it should be way lower...since my sister and I are gong to be in college at the same time..plus, we're poor

[xosandy]

woaah.. all of yours are so low! mine is about 45900. i didn't qualify for grants, so how do i know if i qualify for loans?

[josebiwasabi]

around 1000.

[xkrndreamer]

i have a zero too! oh yeah! go low income people!

[MULOAN]

243!

[mistapooh]

If the EFC is based on your family's income, then would say...people in cali's EFC be higher due to their more expensive cost of living?

[Eddie]

^

They somehow factor in your state of residence when they compute.
I'm from NYC, so the cost of living is outrageous here compared to, say, sweet home alabama.

It's not a drastic difference though...I think.

So whatever EFC you got, it's all covered.

[mistapooh]

Ooh, thanks a lot.