|
You are always free to decline loans. So, even if HMS calculates your EFC as 0, if your parents want to, they (and you) can always pay up front to lower the amount of loans you have to take out.
I agree with you that this makes a minimal difference. The article even said that this only affects 1/3 of HMS' students. My parents made a little under 120k and our EFC came out to around 10k. So, I guess under HMS' policy, that 10k would either be converted to grants or loans or both.
|