I am having a hard time understanding my EFC of 1549. It was higher but I asked for them to review it for me because of loss of job. I am tring to go to school this summer at a local community college. The estimated tuition for a whole year is $2500-$3000. I didn't know if I will be responsible for the whole $1549 amount (as my part) in the summer since I didn't go in the fall and spring. If they apply all this to the summer session I won't be able to get any help. I will be able for F.A. starting in the fall since it is on a different tax year. I still have awhile (2weeks) before I receive my financial aid package letting me know whether I get any help. I am bitting my nails off- worried to death and would like some input.
2007-02-03 15:14:57 · 3 answers · asked by meliarrow 3 in Education & Reference ➔ Financial Aid
You will just be responsible for the credit hours that you take for the semester, for example I am in the same situation and my tuition is $42 per credit hour. So it just depends on how many credit hours each of your classes has. Also the school will provide you with financial aide also, but instead of being a pell grant from the gov. it will be a loan that you will have to pay back when you graduate.
2007-02-03 15:23:57 · answer #1 · answered by wentdownkickin 2 · 1⤊ 1⤋
The EFC isn't meant characterize a dollar fee; it alongside with different suggestions is used by the college's economic help branch to be sure how lots help a student desires and might acquire. in the beginning, you point out which you the two already went to state colleges. in the adventure that your husband already has finished a Bachelor's, all he will qualify for is student loans. Graduate pupils do not acquire federal or state help. All that would desire to be open to him could be provided by way of scholarships (if graduate pupils are eligible) and something the college itself might desire to furnish to him. As to your EFC, it is going to likely be while in comparison with the choose of others, to boot as your different aspects alongside with earnings, mark downs, investments, inventory, residences, and so on. in many cases, an EFC that best could acquire in basic terms Stafford Loans, as there is funds obtainable to pay for the expenditures. A effectual element to verify is the place you take a seat as a enjoyed ones while in comparison with the federal poverty line, because it is extremely utilized in determining help. alongside with your suggested earnings of $30K for only you 2, you're double what the poverty line for a 2-guy or woman enjoyed ones is. the only genuine thank you to have an theory of what you are able to discover the money for and what could be provided to you is to prepare for FAFSA and see what the college(s) furnish you. -- Graduate software or not, your husband not qualifies for economic help supplies you. the actuality that he has a Bachelor's is what disqualifies him from something different than loans. You and your husband would be borrowing and paying out of pocket each little thing that may not provided by the college itself.
2016-09-28 09:40:36 · answer #2 · answered by celia 4 · 0⤊ 0⤋
you are eligible for pell (not that much). if you are an instate student maybe some state grants and need based loans.
2007-02-03 15:21:41 · answer #3 · answered by sunshine23511 5 · 0⤊ 1⤋