subject: Your Families EFC will Determine Your Pell Grant Amount [print this page] Your Families EFC will Determine Your Pell Grant Amount
The amount of The Pell Grant that you will receive will be determined by your families FAFSA EFC. The initials EFC stands for; Expected Family Contribution. The Expected Family Contribution determines the eligibility amount of a students' college Pell Grant scholarship. Your family will be expected to disclose their financial status so that an estimate can be made of how much they can contribute to your financial aid. When the amount of support that your family will give you is determined then the Government decides on the amount of money that will be awarded to you. The FAFSA EFC is looked at closely because a Pell Grant is basically free money to you for your college education. Remember; if you have already taken advantage of other loans and or grants, your financial history may be also examined.
Now that the EFC has been determined you will know how much of a Pell Grant you will receive. Once this amount has been determined all you need to do is fill out the FAFSA form. The form is made available to you for free at the FAFSA site. Once all of the information that you have provided on the application has been verified by the government then the scholarship will be awarded to you. There is a link that goes directly to the FAFSA Application on the Home Page of this site. There you will find your Application For Pell Grant.
The other cool feature about the FAFSA site are the easy to use online calculators to help you determine your scholarship dollar amount. These calculators will help you in determining the tuition needs for your particular college of choice.
Remember; the lower your families Expected Financial Contribution, the greater the amount your Pell Grant will be. The larger the dollar amount that your family contributes towards your education the smaller the scholarship will be.
Pell Grant money is actually free tuition money that does not have to be paid back. Each student's amount is different depending on their families financial capabilities.
For more Pell Grant information and links to other government sites just go to http://MyPellGrant.net
