personal jesus

Senior Member
7+ Year Member
15+ Year Member
Apr 29, 2003
167
0
Visit site
Status
I just got back my FAFSA and its says I have a EFC of 15284. Last year I made about 4 grand but i put down that I received about 34k from an outside source for college. Im guessing that this is why i have a EFC of 15k. So my question is, will i be eligable for the Stafford subsidized loans? How about the unsubsidized?
 

mpp

SDN Moderator
Moderator Emeritus
10+ Year Member
15+ Year Member
Jan 17, 2001
3,398
19
Portland, OR
Visit site
Status
Resident [Any Field]
Unsubsidized Stafford loans are not need-based. EFC is irrelevant for unsubsidized Stafford loans.
 

southerndoc

life is good
Moderator Emeritus
Lifetime Donor
15+ Year Member
Jun 6, 2002
12,315
1,386
Atlanta
Status
Attending Physician
personal jesus said:
I just got back my FAFSA and its says I have a EFC of 15284. Last year I made about 4 grand but i put down that I received about 34k from an outside source for college. Im guessing that this is why i have a EFC of 15k. So my question is, will i be eligable for the Stafford subsidized loans? How about the unsubsidized?
I had a fairly high EFC and I qualified for subsidized and unsubsidized Staffords for med school loans.

Are you taking out loans for college or professional school?
 
About the Ads

cooldreams

American Mensa Member :)
7+ Year Member
15+ Year Member
Dec 11, 2003
2,063
3
42
Status
ok jus to kinda get this straight...

say ur efc is like 15k, and ur skool budget is like 30k

so this is saying u need 15k... that covers the subsidized stafford so u get the full 8500 right?? so then 15k minus 8.5k is 6.5k

does this mean you can only get 6.5k from the possible 30k max of the unsubsidized stafford loans?? or can you still get the full 30k ????
 

mpp

SDN Moderator
Moderator Emeritus
10+ Year Member
15+ Year Member
Jan 17, 2001
3,398
19
Portland, OR
Visit site
Status
Resident [Any Field]
You can still get the maximum...you might have to ask for it though.

Also, the subsidized loans are not guaranteed, even though your EFC is less than the school budget. But if you don't receive the full $8,500 in subsidized loans, go to the financial aid office and ask why.
 
About the Ads