I'm 26 and I will soon be applying for chiropractic school for early next year. I will be enrolled full time and know that I will need financial aid. I estimate that I will need $120k in loans. I have been told that when you apply for the FAFSA, they score you with how much you should be able to afford for your tuition, then they give you loans, etc.
I don't understand how they calculate this score, but I will probably have maybe $10k by the end of the year. Would it make more sense to have my parents hold this money for me so that it appears that I have less money to contribute for school? Any other suggestions when applying for financial aid?
2007-03-05 08:29:22 · 1 answers · asked by Spencer S 2 in Education & Reference ➔ Financial Aid
What happens is you fill out your FAFSA, you'll get information back stating what your EFC is (Earned Family Contribution or Estimated Family Contribution). This is a number that your financial aid office will use to award you accordingly. This score is based off of how much you made the previous tax year, and how many depend ants you have. You most likely will be able to get most of your education paid for in loans of course depending on tuition.
Just make sure you fill out that FAFSA first, if you have any questions after filling it out, email me.
2007-03-05 14:07:00 · answer #1 · answered by glassflower 4 · 0⤊ 0⤋