borrowing from family

bren95
Mon, 28 Apr 2008 09:22:07 +0000

with an EFC of 18,000, between my daughter getting unsubsidized stafford and a perkins loan, it leaves us with about 14k in parent plus loan.

My in-laws have offered to let us borrow from them with a slightly better interest rate rather than through an institution.

Will this effect any financial aide going forward?

They are definitely not giving us the money… loan only. I’m just fearful that because its from family that it will somehow be construed that the “family” can afford more of a contribution.
Thanks for any comments and info.