Grants

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How does one qualify for grants. Would someone with an EFC of 5000 qualify for a grant if the COA is 23000

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If your efc is above 4618 you will not get Pell grants (this is off the 2010-11 charts, but I don't think it will change too much this year).

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pell grants are now 5500 hasnt been that low in years... i recieved 500 in pell grants this year

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I know the grants are 5500, but the dept of Ed graph shows that EFC's above 4617 are in eligible. However, the instruction that comes with the graph increases that EFC to 5273. However you should have received 555, and should receive that again next year.

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yeah but i would like a grant because 555 isnt enough for a school thats 23000

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Specializes in Public Health.

sorry but those grants are for people who couldnt go to school without them....like me....my efc is 0....so i get the full amount...the money goes further obviously if you go to a more affordable school. i am at the poverty level without kids and my school is covered completely with just the pell grant.

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Your EFC is high enough that your Cost of Attendance isn't really a factor. You are lucky to get that 555, because with out the modification your EFC is too high to get any grants.

Again, if you are concerned about the cost you should seek out a state school (my tuition + fees puts me under 10k a year).

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so what your saying is im going to have to shell out 23k just because my efc is 400 more points higher than the max

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Specializes in Critical care.

They may find money for you in other places such as academic competitiveness grants etc. They done it for me when my EFC was high!!

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Specializes in Public Health.

you always have the option of going to a cheaper school. nursing is not like medicine or law school...it doesn't matter how prestigious the school you went to was because we all take the same test to get licensed and we all have to know the same thing. Best thing to do is find a cheaper school or get loans.

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They may find money for you in other places such as academic competitiveness grants etc. They done it for me when my EFC was high!!

What was your efc and what did they do for you

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so what your saying is im going to have to shell out 23k just because my efc is 400 more points higher than the max

What I am saying is that you have to shell out 23k because you chose to apply to a school that costs 23k. Pell grants are income based, if your EFC is 5000 then you get 550, even if you are going to a propriety school that costs multiple times what it should. On the flip side if your EFC is zero then you get 5k, even if you are going to a California Community College and paying $22/hr (that's about 330 a trimester or 990 a year).

Like I, and others, said before; if you don't want to pay 23k, don't go to a school that costs 23k.

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