Student With EFC of 01401
This student qualifies for a lot of need-based help:
- Pell Grant $4,365
- Federal Subsidized Loan $3,500
- Federal Unsubsidized Loan $2,000
The cost of attendance is still $30,135 after the allotted federal aid. Consequently, the college adds:
- College need-based grant of $17,000
- University loan that is need-based of5,200
- Merit-based scholarship of $6,500
This brings the pupil’s total cost of attendance right down to $1,435. (Note: These numbers are arbitrary to provide you with a sense of what sort of university might award school funding.)
Merit Student With EFC of 20000
Several times, pupils and families think because they do not qualify for need that they cannot apply to a school that is anywhere outside of their budget. Nonetheless, schools with big endowments frequently have the resources to simply help fund an education that is entire. This merit pupil don’t be eligible for any loans that are need-based funds. Having said that, she’s won a nationwide competition, is mixed up in community in volunteering, and holds leadership jobs in two groups in school. Her aid that is financial might such as this:
- Federal Unsubsidized Loan $5,500
- College-Based leadership Award $8,000
- College-Based Community Service Grand $5,000
- Departmental Award through the student’s meant major $20,000
All this work aid brings your family’s total out-of-pocket cost down low to $6,500. (Note: These figures are arbitrary to offer a sense of what sort of university might award educational funding.)
Disclaimers
- The EFC codes have already been chosen arbitrarily as examples distribute across a range that is wide offer a gradual image of what goes on since the EFC rule increases. Also, take note why these maps aren’t supposed to be exhaustive listings of each and every type or type of grant and loan that exists. These are typically just designed to show the way the EFC impacts educational funding. Continua a leggere So what Does My EFC Code for School Funding Suggest?