Aid from most programs is awarded based on financial need (except for unsubsidized and PLUS loans).
An expected family contribution (EFC) number is used to determine need. The EFC is a measure of your family’s financial strength and is calculated from the information you report on the FAFSA.
To be eligible for a Federal Pell Grant, your EFC must be below a certain number, which can vary from year to year. The EFC (expected family contribution) formula must be applied to each family’s financial information, so we can’t tell you here whether you’ll be eligible for federal student aid or estimate how much aid you might get.
You will need to apply to find out exactly how much you will be eligible for. If you want to see exactly how the EFC formula works, you can get detailed worksheets from the website www.studentaid.ed.gov/pubs. Click on the year under The EFC Formula.