What Does an EFC of 00000 Mean

HomeFinanceFinancial aidWhat Does an EFC of 00000 Mean?This page may contain affiliate links.Oct 11, 2019If you’ve filled out the FAFSA paperwork and come back with an EFC of zero, you might think there’s been a mistake. After all, everyone’s EFC is sky-high, right? On the other hand, you might be celebrating big time. Doesn’t an EFC of 00000 mean that you won’t have to pay anything for college? Let’s slow down. Some folks do get a 0 EFC, but it doesn’t mean you get a free ride. Here’s how to understand that number! Why Would You Have a 00000 EFC? There are a couple of different reasons a FAFSA EFC would be zero. If your adjusted gross income is low enough, you automatically get 0. For 2018-19, that number was $25,000 or below on your 2016 income tax return. If your income is below $49,999, your family qualifies for a simplified needs test. This means both the parent’s and student’s assets are not counted in the EFC calculation, and may lead to a 00000 EFC result. A student will also have a 0 EFC if they are considered independent from their parents. There is a long list of ways to qualify for independence. Here are a few of them: The student is 23 or older The student is married or separated (but not divorced) At the beginning of the current school year, the student will be enrolled in a master’s or doctoral degree program The student is currently on active duty or a veteran of active duty service who was released for a reason other than dishonorable discharge The student has one or more children who will receive more than half of their support from him or her The student is an orphan, emancipated minor, or has been a dependent ward of the court A student with an EFC of zero is considered a â€Å"full-need student.† What Does it Mean to Have No EFC? Being a full-need student means that you will get more aid from schools than someone with a higher EFC, but it does not necessarily mean that all of your financial need will be met. There are very few schools that meet full need. Many of these schools have their own need-determination system, using the CSS profile or another similar form. This may result in an EFC higher than zero, although it may still be low. If you want your student to have full need met, it’s important to position them properly. Make sure they focus on schools where their academic and test results are in the upper tiers for incoming freshmen. This will help the school be interested in ensuring they attend, leading to more aid. Unfortunately, a zero EFC doesn’t mean school is free. Not only do many schools leave you to pay a percentage of your own need, you may find that some of the aid requires you to take out loans. Aid Packages for Full-Need Students A full-need student will have access to some additional funding not available to others. One of the most important is federal Pell Grants, which do not have to be repaid. You may also find work-study, Perkins loans, and Stafford subsidized and unsubsidized loans in the aid package. Pell Grants A school must be eligible for Title IV in order to include these grants in an aid package. Most schools are, but a few are not. Keep that in mind as you compare options! Pell Grants are awarded based on financial need, EFC, enrollment status, and cost of attendance. The maximum for a Pell Grant in 2019-20 is $6,195, and the award cannot be higher than the cost of attendance. Perkins Loans Unfortunately, Perkins Loans expired on September 30, 2017. These low-interest loans were a good tool for folks with a 0 EFC, and there is currently no program to replace it. Other Aid Sources Work study and Stafford loans work just like they would for any other student. You don’t have to accept these options if you prefer not to or don’t need to. Keep in mind that loans have to be paid back just like other student debt options, so they can cause a financial burden if you aren’t wise with them. Also, even with all the aid offered, you may still have a funding gap. Remember, many schools don’t cover 100% of need! Getting the Most Aid Possible For Your Full-Need Student Having a full-need student gives you some advantages, but you still have to carefully select colleges to focus on. You should also apply as early as you can each year, so your student will be first in line for aid. Need help finding which schools are most generous to your full-need student? Let us help. Check out our College Data Spreadsheettoday!

The Best Time Of My Life - 980 Words

The Best Time of My Life! The best time of my life was when I went to a park in Cancun, Mexico. It started when my family and I were at the hotel. My three uncles, my aunt, my grandparents, my parents and my little brother were having a very good time. Their was a lot of fun things to do at the three Cancun palaces. You could go swimming in the salty ocean or the very blue pool, play soccer on the beach, play miniature golf or real golf, and bicycling. After three or four days doing a lot of fun activities at the resort we decided to use our credits to go somewhere fun like a water park. After a while we decided to go to Xplor, one of the newest parks in Cancun. The next day we woke up very early in the morning to go get good seats on the bus. It was going to take about an hour to get the park. â€Å"Hey are ready to have extreme fun†. â€Å"Yes† my brother said. â€Å"I think I will have more fun than you.† â€Å"No you won’t and we will just have to see.† When we entered we knew the fun was going to begin. When we arrived there we changed into our swimming clothes, and we started deciding what to do first. There was six things to do at the park, regular ziplining, hamic ziplining, four wheel driving, cave kayaking, cave swimming, and exploring the caves. First we decided to explore the caves. When we entered the caves they looked amazing. The caves wereShow MoreRelatedHigh School Is The Best Time Of My Life970 Words   |  4 PagesMy time throughout high school was the best time of my life, I wished I would have realized sooner how terrible of a student I was. I look back and think how much harder I could have tried, things I could have done different, and how it has changed me. 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Organizational Bureaucracy and Public Choice †MyAssignmenthelp.com

Question: Discuss about the Organizational Bureaucracy and Public Choice. Answer: The Fate of the Common Moral Purpose Phrase I believe that the term used by Barnard on common moral purpose is not a good way of describing organizations (Scott Davis 2015).Work can never be moral but rather morally neutral; this is because the rules and policies established in organizations are never meant to favor a particular group of employees but to help an organization achieve its goals and visions. Secondly, describing organizations as moral may limit the growth and progress of organizations as there may be assumptions the organizations are better yet there may be a need to improve. On the contrary, the term moral purpose in an organizational content should not apply to the organizationmanagement structure but to the relationship among staff. The sense of bonding power between employees and organization administrators during work may be a great determinant to the creation of powerful and positive social function. Organizations can never be judged based on common moral purpose but rather on its independentstructure of management in understanding human motivation (Burke 2017). Essentially, employees are more social than economic beings that require several needs. The work environment is, therefore, a great influence on employees' performance. Morality in the organization is affected by the relationship betweenorganization management structure, the employees, and the clients. Finally, the control structures keep changing depending on global growths. Organizations can therefore not be embedded on common moral purpose but a neutral moral purpose. The neutral moral purpose of managing organizations is more flexible as it can quickly adapt to changes within the organization such as technological changes unlike the common moral purpose is based on rigidity. Organizational Bureaucracy The major obstacles that bureaucratic organizations faces in the verge of making the best decisions are rigidity stampedes creativity and impersonation (Dunleavy 2014). The bureaucratic systems are formed around rigid rules and regulations in that they require everything to work within a given system thus making it difficult for individuals to make decisions out-of-the box. Secondly, the impersonation practice rate in organizations is very high as bureaucratic organizations have fixed rules and regulations that are considered more important than human emotions. Decisions making are therefore only limited to top leadership; sometimes the leaders may not have the capacity to make right choices. High bureaucratic organizations have difficulties in making decisions especially in the modern world where systems have changed due to technological influence. Rigid organizations, therefore, find it hard to make best decisions as theirmanagement systems are based on fixed rules. Flexible organizations thus have mileage over rigid organizations as they find it easier to make decisions and solve problems. Problems that bureaucratic organizations deal with include population growth, technological revolution and economic conditions that have been caused by an increase in organizational complexities (Andrews Boyne 2014). The increase in organizational complexity has been prompted by strategies growth thus resulted in the changes in organizational management structures. Bureaucratic organizations, on the other hand, operate within centralized systems where the institutions are managed in centralized systems due to impersonation and rigidity in rules and regulations within the management structures. However, due to globalizations, economies have revolved, technologies have improved, and population continues to rise. Organizations that intend to stabilize are therefore forced to decentralize their systems to cope up with the strategies growth. References Andrews, R. and Boyne, G.A., 2014. Task complexity, organization size, and administrative intensity: The case of UK universities. Public Administration, 92(3), pp.656-672 Burke, W.W., 2017. Organization change: Theory and practice. Sage Publications Dunleavy, P., 2014. Democracy, bureaucracy and public choice: Economic approaches in political science. Routledge Scott, W.R., and Davis, G.F., 2015. Organizations and organizing: Rational, natural and open systems perspectives. Routledge