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ViriiK
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How do I find out what my EFC Code means? (FAFSA)

Well I finished everything I got for FAFSA and they emailed me back with an EFC Code which I can't find any place to understand what it means. Can anyone be able to help out here?

I'm fucking crying here..
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Old 07-29-2005, 01:19 PM ViriiK is offline  
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Expected Family Contribution
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Old 07-29-2005, 01:20 PM Coqui is offline  
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McGee
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Well I finished everything I got for being deaf and they emailed me back with an EFC Code which I can't hear it so I don't understand what it means. Can anyone give me some hearing aids?

I'm fucking deaf here...
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Old 07-29-2005, 01:20 PM McGee is offline  
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ViriiK
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Quote:
Originally Posted by Juan Pablo Diaz
Expected Family Contribution
Well no shit sherlock..

I got a 5-digit code from them but I don't understand the meaning of the 5-digit code.. I can't find the info anywhere..
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Old 07-29-2005, 01:20 PM ViriiK is offline  
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What is my Expected Family Contribution (EFC)?
The Expected Family Contribution (EFC) measures your family's financial strength, and is used to determine your eligibility for federal student aid during one school year. You receive an EFC based on the processing results of your Free Application for Federal Student Aid (FAFSA).

For more information, see the financial aid administrator at your school or see The Student Guide at studentaid.ed.gov/students/publications/student_guide/index.html or call the Federal Student Aid Information Center to request a free copy of the Student Guide. Please refer to the Customer Service page for contact and assistance information by selecting this link
http://www.fafsa.ed.gov/faq010.htm#faq010_4
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Old 07-29-2005, 01:20 PM Coqui is offline  
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Quote:
Originally Posted by ViriiK
Well no shit sherlock..

I got a 5-digit code from them but I don't understand the meaning of the 5-digit code.. I can't find anywhere..


One sec
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Old 07-29-2005, 01:20 PM Coqui is offline  
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The FAFSA generates a figure known as the Estimated Family Contribution (EFC) code. The EFC is the amount you are expected to contribute toward your education based upon the objective measure of your financial need, and must be received before any loan awards will be made. If you have filed a FAFSA for a prior academic year, you can also use the Renewal FAFSA form, which will be mailed directly toyou at the address listed on your last FAFSA. Additionally, we STRONGLY RECOMMEND you fill out your FAFSA via the internet. This is faster, easier, and allows us to get your EFC code much quicker than if you file through the mail. The address to use is: www.fafsa.ed.gov. When filing the FAFSA, please use school code 002790.
http://nyack.edu/nyack/academics/ms_financial_info.pdf

It's just a code they use for their interpretation of your family's contribution
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Old 07-29-2005, 01:23 PM Coqui is offline  
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ViriiK
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Quote:
Originally Posted by Juan Pablo Diaz
http://nyack.edu/nyack/academics/ms_financial_info.pdf

It's just a code they use for their interpretation of your family's contribution
Oh so my code is 08011 meaning my parents can contribute 8000 bucks towards my education?
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Old 07-29-2005, 01:25 PM ViriiK is offline  
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Quote:
Originally Posted by ViriiK
Oh so my code is 08011 meaning my parents can contribute 8000 bucks towards my education?


No it's just a code they look up to cross reference it. That way you not knowing the exact interpretation of the code, you can't manipulate it to your advantage. It's not a dollar value

(At least that's what I think they do it as)

Or it might be the EFC listed for FAFSA but 08011 is your personal profile regarding it.
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Old 07-29-2005, 01:26 PM Coqui is offline  
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Old 07-29-2005, 01:27 PM PinkysAvenger is offline  
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ViriiK
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Quote:
Originally Posted by Juan Pablo Diaz
No it's just a code they look up to cross reference it. That way you not knowing the exact interpretation of the code, you can't manipulate it to your advantage. It's not a dollar value

(At least that's what I think they do it as)

Or it might be the EFC listed for FAFSA but 08011 is your personal profile regarding it.
Shit.. Well I'm hoping to try and cover the whole cost of school for the entire year due to the fact my parents got a newer mortgage on our house back home.. Including putting another brother to college and taxes out the ass in both local and federally..
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Old 07-29-2005, 01:30 PM ViriiK is offline  
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Quote:
Originally Posted by ViriiK
Shit.. Well I'm hoping to try and cover the whole cost of school for the entire year due to the fact my parents got a newer mortgage on our house back home.. Including putting another brother to college and taxes out the ass in both local and federally..


It sucks but just like in the BC thread you made, unless you emancipate yourself from them, they will calculate their income into your financial aid. It sucks but it's the truth.
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Old 07-29-2005, 01:32 PM Coqui is offline  
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Quote:
Originally Posted by Juan Pablo Diaz
It sucks but just like in the BC thread you made, unless you emancipate yourself from them, they will calculate their income into your financial aid. It sucks but it's the truth.
Well if I do emancipate myself, will FAFSA be able to help pay for insurance at school? Since the school can provide basic coverage.. But not the best..
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Old 07-29-2005, 01:34 PM ViriiK is offline  
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Old 07-29-2005, 01:35 PM Sik Wit It is offline  
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Coqui
 
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Quote:
Originally Posted by ViriiK
Well if I do emancipate myself, will FAFSA be able to help pay for insurance at school? Since the school can provide basic coverage.. But not the best..


It's been too long since I fought that battle to remember. IIRC though, it starts with tuition, then can be applied to books, then whatever you want school related. So assuming you have enough beyond tuition for that semester, you could do it.
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