Is FAFSA required to get subsidized loans?

cptofthehouse
Thu, 11 Jul 2019 20:52:44 +0000

Your DD’s FAFSA EFC will be the same, regardless of where she goes to school. That $45,611 figure would hold whether she goes to Rochester with its $75,186 COA, a transfer possibility of 71k, or the one with the $40k COA, or an instate Public school that has a $25k COA. Your FAFSA EFC stays the same. However your daughter’s eligibility for subsidized direct loans disappears when that COA is less than the EFC or if the cost remaining for you and she to pay is less than the $4500 Subsidized loan amount.

Rochester using PROFILE counts things that are not in FAFSA LIKE primary hime value, business value, NCP earnings which is likely why their expected contribution from you is higher than your EFC. Other PROFILE schools likely to do the same. And schools that use FAFSA only do not tend to meet full need anyways.