<p>“chs1980…For a sophomore, max Stafford is $6500, plus $3000 Perkins. Midd’s calculation of EFC was 10K higher than the FAFSA. So while they met “need”, majority was loans & work/study.”</p>
<p>Exactly. I think the way it works is that $3000 is the cap on Middlebury College Loans.</p>
<p>Here’s what I think they do. They figure out your need based on their own institutional methodology. Then they subtract the $3000, then they subtract $1800 for work/study. Then they offer the difference between $4800 and what they have determined to be your need in a Middlebury Grant. THEN they offer the maximum Stafford loan (either subsidized or unsubsidized, depending on what you qualify for.)</p>
<p>So for a sophomore, the loan package would be exactly $9500, just as mkayak (and we) experienced. You then have the option of accepting or declining all or part of the loan(s.)</p>
<p>Other families may have different experiences but this has been ours.</p>