<p>“Aid” in general = free money+loans+work study.</p>
<p>When you get your award they break it down in a list… Everything that says “scholarship” or “grant” is free money. The other awards (loans, work study) will be labeled accordingly.</p>
<p>If estimated cost of attendance is $45k, and you get $30k, then at a school that meets 100% of your need, yeah, your EFC would be $15k. But not all schools guarantee to meet 100% of your need.</p>