The FAFSA (Federal financial aid application) measures the family and /or the student’s ability to pay for college. The expected family contribution (EFC) is the final outcome of the financial aid application. We use that number to calculate the award amount students are going to receive from the federal financial aid programs: Pell (grant, free money), Loans (money you pay back with interest), Work-student (aid that you earn) and other federal aid.
The lower the EFC the more financial aid the student can get. There are some factors that decrease the EFC, and therefore, increase the chances for the student to receive a better financial aid package. For instance, the family size and the number of family members in college. The larger the family size and the more family members in college the more financial aid students are eligible for.
The attached document shows the Pell Schedule chart for 2014-2015.
· It depicts the Student EFC and the yearly amount the student is going to receive based on students EFC. The semester award is in parentheses.
· It also shows the student’s status in college: Full-time (12 credits or more), ¾ time (9-11 credits), half-time (6-8 credits) and less than half time (less than 6 credits).
· Students that have an EFC of 5158 or higher are not eligible for the Pell grant, but they may be eligible for federal work-study and or Stafford loans.
Ramon L. Rodriguez
Financial Aid
03/18/2014
Attachments:
 14.03.18 F PELL SCHEDULE RAMON (2).pdf
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