first year in college efc is 3260
thank you for advice
2007-06-27 11:20:27 · 5 answers · asked by doingbetterthings 1 in Education & Reference ➔ Financial Aid
each college should publish an Estimated Cost of Attendance. This is the estimated cost of attending full time for 1 academic year and its the maximum amount of finacial aid you can recieve. This amount includes estimated expenses for housing and personal living expenses in addition to tuition books etc. (and is therefore much higher than the actual annual tuition)
If your finacial aid is more than tuition you can recieve the extra money either by check or as direct deposit to your bank account. since fincancial aid is credited toward your tuition first, you only get whats left over (if there's any at all).
Your school should have a department that handles all aspects of financial aid and they will be your best source of information regarding the specific options available at your college.
.
2007-06-27 11:26:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A Financial Aid term for taking out money for living expenses or buying a computer is called "Additonal Funding". Looking at your EFC number, you will be eligible for $1060 in Federal Pell Grant. You may only be able to borrow funds through your school with Stafford loans if your tuition is lower than what stafford loan limits are for a student with your grade level( 7500 for freshman,8500 for sophomore,10500 for Junior/senior,18500-20500+ for Graduate). If you do not have stafford Loan eligibility left, you may borrow private education loans. Choose a lender(bank) which offers lower interest rates and no hidden fees. One lender that sends money directly to you in "Next Student". Their site is www.nextstudentloan.com. Call them at 18776809879 for terms and conditions as well as interest rate and fees information. I hope this helps
2007-06-27 20:26:27 · answer #2 · answered by megdhanusi 2 · 0⤊ 0⤋
Yes-you can go through all of college and use loans.
But if you can get out of doing that--try.
Try working off the school bill as much as you can.
You will start to pay for the loans the second you graduate.
Don't let money worry you. Just be determined to be a hard worker and the money should be there.
2007-06-27 18:28:25 · answer #3 · answered by Science Wiz 2 · 0⤊ 0⤋
yeah, but you should still get a job. Remember its a LOAN you have to pay it back
2007-06-27 18:28:56 · answer #4 · answered by Miss 6 7 · 0⤊ 0⤋
trust me, you dont want to take out that many loans. you will be sorry because you do have to pay it back. really no way to get out of it
2007-06-27 18:36:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋