03.30.09 | EFC Number Goes Up For 2009-2010
The expected family contribution (EFC) number is increasing from $4,041 to $4,617 for the 2009-2010 academic year.
On February 17, 2009 President Obama signed the American Recovery and Reinvestment Act of 2009 that included an appropriated amount for the Federal Pell Grant award. As a result the Pell Grant award moved from $4,860 to $5,350.
The Department of Education’s Central Processing System has already begun the process of making corrections to applications filed between January 2 and March 17. The DOE believes approximately 113,000 students had an EFC that fell above $4,041 and below $4,617, which are affected by the change. Changes/updates should be completed by the end of March.
So if you were one of those student whose EFC fell above $4,041 and below $4,617 and you filed your FAFSA before March 17 just make sure to reconnect with your school’s Financial Aid Office to ensure you receive the funds you are entitled to.
Five most recent student loan help blog posts:
The Student Loan Help blog is sponsored in part by:
I have established my loans and eould like to know can I establish my own amount or do the loan office give you the amount that they calculate I would need.
March 31st, 2009 | #
[...] EFC Number Goes Up For 2009-2010 [...]
September 22nd, 2009 | #