What is the fafsa C code (comment code) what does this mean?

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It means there is a question about your eligibility and/or your parent's info

NO, everything is not fine & if you do not resolve the problem, you will not get aid

"C Code. A C in this section notifies financial aid administrators that an eligibility issue related to students or parents has been identified"
found here: http://apps.nela.net/~content/~downloads...

you can find even more info here: