Efc..

Paying for College
1

<p>I just did the EFC test and got a 0. My parents makes around $30,000-40,00 a year…</p>

<p>Does that mean I get a lot of govt. loans or…?</p>

2

<p>It means that you qualify for subsidized loans, a Pell Grant (and possibly an Academic Competitiveness Grant), and for work study.</p>

3

<p>No Academic Competitiveness Grant. That and the SMART grant will no longer exist after 2010-2011 school year.</p>

4

<p>Vent…</p>

<p>The above info is correct. </p>

<p>A lot is going to depend on the schools you apply to. Most schools cannot meet need. However, that doesn’t mean that you’ll be able to take out loans to make up the difference. </p>

<p>Federal Direct loans are limited to the following amounts…</p>

<p>$5500 frosh
6500 soph
7500 juniors
7500 seniors</p>

<p>So, you could end up with a sizable gap at many schools.</p>

<p>Where will you be applying?</p>