what does these Financial Aide result means?

B

Banaki I

New member
Based on the information we have on record for you, your EFC is 4969. You
are not eligible for a Federal Pell Grant but you may be eligible for other
aid. Your school will use your EFC to determine your financial aid eligibility
for other federal grants, loans, and work study, and possible funding from your
state and school.

i got theses results what does it mean
does financial check all the grans and loans im qualified for
im uneployed also does that matter
 
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