Full Ride to Wayne State?

mom2collegekids
Wed, 04 Apr 2012 20:18:20 +0000

So I take it you don’t think the student loans are part of EFC and that is totally separate?

I’m not sure what you mean. At UMich and most schools, student loans are given to meet need…not as part of EFC.

For instance…

If COA = $20,000
and EFC = $6,000

Then need = $14,000

now…they can meet that $14k need with $5500 in student stafford loans, $1000 in Perkins Loans, $2,500 in work study, and $5,000 in a grant.

And, then need is met 100%

Is that how you understand it?

they should not be counting plus loans as meeting need.