<p>If my son wants to go to a college who’s tuition is $20,000, Room and Board another $8,000 and our EFC is 6,000 what would he be looking at (ballpark figure) as far as loans assuming we could not help him very much if at all.</p>
<p>so if the costs of the school is $28,000- and if the school meets 100% of need- the fin package would be $22,000.
This will be made up of any combination of loans, grants and work study.
not all schools meet 100% of need- so be sure and check that out</p>
<p>If your school has a common data set, you should look at the financial aid section of it. The data set will tell your the average percentage of need that your school meets in addition to the average loan and grant aid given to the student.</p>
<p>Thanks for the help . The part I’m wondering about though is can there be a point where they say you are taking on to much in loans if the school will not provide any or little aid (public state university) and not accept you.</p>
<p>Easiest place to find track records is in the school profiles at collegeboard.com</p>
<p>Beyond what is offered in the student aid package, you will have to go to the secondary education loan market. These loans are based upon credit score, so if you get too much in loans, it could adversely affect you. This is unusual, but certainly not the best route.</p>
<p>Get familiar with the way financial track records work, this is your best bet at saving money.</p>
<p>Just so I understand what you are saying is check with the school ( Univ. Wisconsin) and see what there financial aid packages are. Is that what you mean by financial track records.</p>
<p>Most schools can’t tell you or won’t tell you what their FA track record is. At least, I’ve never got a school to give me a straight answer.</p>
<p>Check the FA track records at collegeboard.com</p>
<p>The track record is
% family need met
% money awarded in grant/scholarship
% money awarded in work-study/loans</p>
<p>Thanks for your help.</p>