Facts of the Month

Did you know…

With our thanks in part to Mark Kantrowitz, did you know that?

  • To qualify for a federal Pell Grant the student currently must have an Expected Family Contribution (EFC) under the federal formula of $5,234 or less; 96% of federal Pell Grant recipients have parent Adjusted Gross Incomes under $60,000.
  • The Expected Family Contribution (EFC) cutoff for a grant from the state of Indiana is $7,500 at a private Indiana college; $4,000 at an Indiana four-year public university; and $3,500 at Ivy Tech or a proprietary school.
  • In other words, students with EFC’s above those levels are on their own to pay for college unless the colleges to which they have applied and been accepted have scholarships or grants to offer.
  • 150% of the poverty line for a family of four in the continental U.S. is $36,450
  • 185% of the poverty line (the threshold for Free or Reduced school lunches) is $44,955

Publication Date: April 2016