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Has anyone else

Discussion in 'Financial Aid' started by sara3426, Mar 5, 2007.

  1. sara3426

    sara3426 Member 2+ Year Member

    277
    0
    Apr 25, 2006
    checked out their calculated EFC (I just used an online calculator to get a rough estimate of mine) for their FAFSA and have their MIND BLOWN? I cannot believe it is that high.... at my age (22) I can't expect my parents to be giving up that much money!

    The government hates me!
    Anyone feelin me?
     
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  3. Critical Mass

    Critical Mass Guest

    1,713
    2
    Feb 23, 2007
    EFC won't impact unsubsidized Staffords ($30K/year), and it takes quite a bit to be ineligible for the $8,500 in subsidized Staffords.

    Your parents' income should not be a factor for subsidized loans BTW. The only reason to include it is if the school gives scholarships based on it and won't let you provide it via a different form.
     
  4. Ladyfingers

    Ladyfingers 2+ Year Member

    281
    0
    Sep 13, 2006
    What exactly is considered a lot (not asking what yours was really). I don't know, my mother couldn't give me money if she wanted to so to me any is kinda a lot.
     
  5. karmega5

    karmega5 MS2 2+ Year Member

    127
    0
    Jun 16, 2006
    Florida
    Aren'tyou automatically considered independent in Grad/med school? My EFC is astronomical until I change the setting to independent, then it goes to 0 (I'm poor).
     
  6. mshheaddoc

    mshheaddoc Howdy Moderator Emeritus 15+ Year Member

    43,162
    80
    Apr 24, 2002
    Wild west of Mistytown
    off to financial aid ...
     
  7. Sol Rosenberg

    Sol Rosenberg Long Live the New Flesh! 10+ Year Member

    3,534
    6
    Feb 11, 2006
    Living in America
    Could you elaborate about at what EFC (ballpark estimate) one becomes ineligible for Subsidized Stafford Loans?
     

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