Are most people with an EFC of 0 who do not have anyone to cosign a student loan unable to live on campus? - unable to prepare game executable
His parents credit checks for PLUS loans. I do not see how we afford to live on campus as a public school and the Board of Education, and public housing to $ 25,000 a year can.
Thursday, January 14, 2010
Unable To Prepare Game Executable Are Most People With An EFC Of 0 Who Do Not Have Anyone To Cosign A Student Loan Unable To Live On Campus?
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It is strictly a hypothetical question of whether his "people" can be an access on-campus housing - is the broader question of whether these people can afford this school.
I see where the misunderstanding of the financial aid system, so I'll try to clarify this for you.
Contrary to what many people say, is an EFC of zero does not mean you can freely walk into a school in the country. The EFC of zero does not mean you have to pay for school, but means an EFC of 1850, that the student is $ 1850 or a student have to pay an EFC of 18,431 in a check for $ 18,431 to write about.
The EFC of zero does not mean that you and your family expect to pay something for the school.
Think for a minute and you'll understand why the financial aid program could be very expensive if you say "choose your school, and we get all the guests of the CFE." A program like that was created to select the recipients of financial support to encourage the majority of the elected formerSchool decisions that are available.
Needless to say, that the program works just the "other" way - is designed to encourage students, schools, visit the really afford him.
What do your guests CEF is select your financial needs. If your school costs $ 25,000 per year and an EFC of zero indicates that $ 25,000 to the need for financial support. This does not mean that your financial aid package $ 25,000 - are very, very few schools are able to 100% of its needs for financial assistance for each student to be satisfied. Most students - including apparently - find their support package covers only a portion of their financial needs.
So where are the rest of the money? If you align the scholarships - it's great. If you bring more "content" free, then you have to resort to the private credit market. If you and your parents do not have credit and income qualify for private loans - Well, what we have here is a fairly common occurrence - is a school in MayNo pay. You know what? Most families can not afford $ 25,000 a year from school on their own - and in receipt of financial assistance does not go away this problem.
I am sorry that you think you have an EFC of zero means that the school is paid for each grant - I see that this statement all the time and do my best to those who spread such misinformation to correct.
A student with an EFC of zero, you can expect a $ 5350 and $ 5500 Pell Grant Stafford in his first year. If you're lucky, they only receive limited support through May with some additional needs smaller utilities such as the ACG Grant, FSEOG, and Federal Work-Study. The pell and Stafford over $ 10,850 in total - is highly unlikely that the students, more than 12,000 dollars would receive, they can be or $ 14,000 in federal financial assistance.
As you can see, would give every student a little shy of $ 25,000 for their participation.
Another thing - most of the denial of the parents that you madeEligible for an additional $ 4,000 in Stafford loans this year. Be sure to support the rejection is not known.
I hope that - helps good luck!
education.mypressonline.com - offers some tips on how to federal and state grants for U.S. students.
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