Is FAFSA required to get subsidized loans?

cptofthehouse
Thu, 11 Jul 2019 14:55:58 +0000

As others have pointed out, Rochester does not use FAFSA EFC to determine what they expect you to pay. Most all schools that guarantee to meet full need, define that need themselves, using PROFILE or additional questions to revise that FAFSA EFC.

FAFSA determines eligibility for federal funding such as PELL grants and subsidized Direct Student loans. It also is a clearing house to grant access to other loans such as unsubsidized Direct loans , PLUS and possibly others. State programs and some scholarship sources also often want a copy of the SAR if need, or eligibility criteria is wanted or needed.

Given the info you have shared, your DD is not PELL eligible. However, unless she is given a large award and depending on her new school’s COA , she looks like she is eligible for subsidy on part of her Direct loan. If she’s entering sophomore year, as @twoinanddone clearly explained, she can get $4500 in subsidized Direct Loans.

Do understand that very very few schools guarantee to meet need as defined by FAFSA EFC.