What happens when the EFC on a Pell grant is high?
A Pell grant is a needs-based grant the federal government offers students attending an accredited college or university. The EFC is the “expected family contribution.” It is part of the formula that determines the amount you qualify for under the program. If the EFC is high, the likelihood that you will qualify for a Pell grant is low.FAFSAThe FAFSA is the Free Application for Federal Student Aid. It is the application for the Pell grant, along with other federal student loan programs that will can help finance a college education.DetailsPell grants are awarded based on four factors: the EFC score, cost of attendance, enrollment (full or part time) and academic year. Pell grants can only be used at one school per year.FormulaThe formula for determining your EFC is a percentage of net income (after deductions) plus a percentage of net assets (after deductions). It can be affected greatly by a student’s status (independent, dependent) and the number of dependents (children) a student ha
