EFC Number Goes Up For 2009-2010 | 03.30.09

Posted in FAFSA, Financial Aid By Student Loan Network Staff

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.

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One Response to “EFC Number Goes Up For 2009-2010”

  1. La'Quesha Jackson says on March 31, 2009 at 6:37 am:

    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.

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