Gleevec

Peter, those are Cheerios
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Hi,
I keep seeing that qualifications for the subsidized Stafford loans is based on need. However, I see no parameters by which "need" is measured. I do have a gap between the yearly cost and EFC, is this gap the "need" they refer to?

The reason I ask is it seems that 95% of med students would get subsidized Stafford if need is merely defined as (Need = Cost - EFC - Student Contribution)
 

southerndoc

life is good
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I'm not sure how they determine who qualifies. I entered into school with a respectable annual salary from 2 jobs, plus I received a substantial scholarship covering half my tuition. I still got the full 8500/year in subsidized loans.
 

Gleevec

Peter, those are Cheerios
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15+ Year Member
Nov 24, 2002
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southerndoc said:
I'm not sure how they determine who qualifies. I entered into school with a respectable annual salary from 2 jobs, plus I received a substantial scholarship covering half my tuition. I still got the full 8500/year in subsidized loans.
If you dont mind me asking, how did you know you qualified for the full subsidized loans? Do the schools just take your financial info and send us a financial package optimized for the student?

Thanks!
 

southerndoc

life is good
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15+ Year Member
Jun 6, 2002
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Attending Physician
Gleevec said:
If you dont mind me asking, how did you know you qualified for the full subsidized loans? Do the schools just take your financial info and send us a financial package optimized for the student?

Thanks!
Yea, pretty much. You'll get a proposed financial aid award, or at least I did, during orientation. My school has a great financial aid office. They do a lot of work for students. Basically it's like we get accepted, they get our funding. Hopefully your school is like that as well.
 
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