Art Insititute FAFSA?

I recently Applied for Finacial Aid and for The art insititute of fort lauderdale. It says that my FAFSA was processed and my EFC is 01180 what does this actully mean? Not sure on the cost of THe Art Insititute but i would also need doorms wich they offer. How do i pay for this.. Will the FAFSA help me out?