<p>What if you put down on the FAFSA and CSS Profile that you don’t want to be considered for student loans. Does this mean you’ll get more aid from the school? For example, I apply to University A and that costs $20K but my EFC is $2K. So they are basically paying for $18K. If I put down I want to be considered for student loans and that my parents would like consideration for loans as well, would they make like an X amount of the $18K to be taken out on loans. I’m just curious.</p>
<p>no…because if </p>
<p>" I apply to University A and that costs $20K but my EFC is $2K. So they are basically paying for $18K"</p>
<p>…was true, EVERYONE would do that…</p>
<p>you probably wont get any more or less grant or non-loan aid…so i think its better to just put that you want to be considered for student loans</p>
<p>Check out your school usual award package on collegeboard.com and find out their usual ratio of grants vs. loans, how much % students get their need fully met and where your stats will place you in that school. Private schools instate usually will get better deals than public but there many variations.
Most schools do gap which means give you less money than you need. So your 20K school might look like 2K your family EFC, 2K school grant, 2K work study, 3 K loans and 2 K state grant. Rest of the gap you still have to find on your own or your parents take plus loans.
It would be wonderful if schools paid everything but is very unrealistic.</p>