Is FAFSA required to get subsidized loans?

taverngirl
Thu, 11 Jul 2019 21:27:13 +0000

Thanks everyone. To answer some questions. Should I be sending out the FAFSA to schools now? I was going to wait until she received acceptances. Since Roch notified us so late (one of d’s friends heard just yesterday, and Roch cut her aid in half) we’ve been scrambling like crazy just to get the apps, essays, recommendations, test scores, etc etc completed and sent. Plus, the schools have been telling us we should hear within a week or so. I’m not sure they’d even get the FAFSA before decisions go out??

Idk how Roch figured out our EFC because we have very little equity in our home due to falling home values and the fact that we live in a 275+ year old house. The shiny new homes assessments are going up while ours drops. We both have W2 jobs. No other assets to speak of, really. What are NCP earnings??

There’s only one school that’s a little higher than we can pay that we would consider using a subsidized loan for. But honestly, if she’s got other cheaper options, I’d rather not do that unless she is dead set on going there. The loans would be hers so her choice ultimately. All the others I believe will come in close to or less than the $45K EFC, which is the budget we gave our daughter.