Quote :

"Total Budget: 16306 Estimated Federal Family Contribution (EFC): 25854 Financial Need: 0"

4/18/2007 1:04:09 AM

[yes]

[Edited on April 18, 2007 at 1:16 AM. Reason : well not for free at least]

4/18/2007 1:16:27 AM

why the hell do you even need financial aid.

4/18/2007 1:43:38 AM

rofl, holy mother of god, my EFC is like half that.

4/18/2007 2:04:15 AM

yeah FAFSA always fucks me. It always says like family contribution $14000 or something. I haven't even seen a fraction of that money. About the only thing my rents have paid for after my freshman year is health insurance, and cell phone bill

4/18/2007 11:05:58 AM

I don't understand how they come up with EFC... if my parents actually gave what it said they would of been eating ramen every night and they live a very low key lifestyle anyway.

edit: and my parents gave my $0 when I was applying.

[Edited on April 18, 2007 at 12:03 PM. Reason : ,]

4/18/2007 12:02:08 PM

fafsa can die. if my parents met the efc, they wouldn't be eating.






stupid goverment keeping the monies away

4/18/2007 1:42:36 PM

Quote :

"Total Budget: 16306 Estimated Federal Family Contribution (EFC): 14822 Financial Need: 1484"

and yeah, i'm paying for college all on my own.

[Edited on April 18, 2007 at 2:57 PM. Reason : sfg]

4/18/2007 2:56:44 PM

ha

my efc was $65000 5 years ago and my dad has had 2 promotions since then

i have to do one for grad school because ill have to pay the first semester

4/18/2007 3:57:34 PM

I don't think we even attempted to fill out the FAFSA.

4/18/2007 7:34:32 PM

Wow you guys have high EFCs

Mine says 0 and has the past two years.

4/18/2007 9:53:24 PM

you can still apply for stafford loans.

Quote :

"I don't understand how they come up with EFC"

No kidding.

4/18/2007 10:07:07 PM

yeah my dad was unemployed for like 3-4 months last year and now my sister is in school so maybe uncle sam will finally open his wallet and give me some fucking money for the last semester i am in school next spring (note i'll not be in school this fall)

4/18/2007 10:12:18 PM

you can still get unsubsidized loans.

4/18/2007 10:22:39 PM

Just bite the bullet and get an unsubsidized loan. Try to pay the interest as you go, and join the rest of society in debt. It's the American way.

4/18/2007 10:39:45 PM

I'm glad I'm fortunate enough that my parents and grandparents had the foresight to set up a college and first home nest egg for me when I was born. Granted...the college egg hatched and ran out within the first year because of the out of state tuition vultures.

4/19/2007 9:06:47 AM

supposedly my moms parents like gave 100k to some catholic priest in ohio about 25 years ago...i was gonna get 25k of that

4/19/2007 12:20:03 PM

pwnt by God's employee

4/19/2007 1:31:43 PM

was it Archbishop Daniel Pilarczyk, by any chance?

he's my grandfather's cousin or something, that'd be crazy

he's an Archbishop in Cincinnati and has done a lot of stuff for the catholic church

[Edited on April 19, 2007 at 2:25 PM. Reason : adsf]

[Edited on April 19, 2007 at 2:25 PM. Reason : asdf]

4/19/2007 2:24:24 PM

nah he left town after getting their money...my mom hasnt been too religious since then

4/20/2007 2:49:51 PM

Quote :

"supposedly my moms parents like gave 100k to some catholic priest in ohio about 25 years ago...i was gonna get 25k of that"

hahha pwnt

4/20/2007 8:38:01 PM

yeah apparently my moms parents are like "religious" and shit

4/20/2007 9:55:04 PM

Quote :

"supposedly my moms parents like gave 100k to some catholic priest in ohio about 25 years ago...i was gonna get 25k of that"

i bet there was a sharp increase in teenie boy slumber parties at that church in Ohio.

4/21/2007 3:35:59 AM

idk maybe...honestly i dont even think that story is but maybe like 50 percent truth...u know how parents lie to their children to make them believe certain things easier

4/21/2007 4:00:23 AM

yeah, like they are telling you you are normal

4/21/2007 11:12:25 AM

oh snap!

4/21/2007 1:21:04 PM

Quote :

"Total Budget: $15,197 Estimated Federal Family Contribution (EFC): $3,532 Financial Need: $11,665"

I get financial aid, I'm just gonna be repaying student loans until I'm old enough for Social Security

4/22/2007 10:46:26 AM

holy mother of god, how do you guys have such low EFCs?

4/22/2007 11:07:34 AM

As you get older, your parents impact on your EFC diminishes.

4/22/2007 12:34:06 PM

When I head back for a Ph.D. in the fall, my wife will be heading back for an education degree. I'm funded, so no worries for me. I'm worried about her situation, though.

If we've both been working the past few years and making good money, is the EFC going to be based on last year's tax return, and thus say we need to pay out the ass before we get help? I'm pretty sure the government won't care that neither of us will be working and won't have much money, because we had money last year.

4/22/2007 1:04:26 PM

^
yep, that's the same problem I had when I returned to NCSU. EFC was based on income of $36K/yr, even though I was only going to be making $10K/yr when I went back to school

what you need to do is contact the Financial Aid office and ask them to re-evaluate your EFC. they'll ask for a letter explaining your circumstances, payroll stubs, etc and can reduce your EFC to match your current income instead of last year's tax return 

4/22/2007 2:51:50 PM

As far as the EFCs go -- If your EFC is greater than the cost of attendance, you have no need. That doesn't mean you can't get financial aid. Financial aid encompasses grants, scholarships and LOANS. If you have no need, you just don't get the need-based scholarships or grants. You can however get a student loan (if you haven't met the federal cap on funding).

Nonlogic - TGD is correct in his response. You would need to contact Michigan's Fin. Aid office and tell them your situation. The process is known as a Professional Judgement or Reconsideration for financial aid. They will see if they can reduce your EFC based on calculations for your projected 2007 income. So if you are still working up until you leave for school, that income will have to be calculated towards the EFC. They can't just get rid of it. But the EFC can potentially be cut by a significant amount. I don't know Michigan's processes for awarding funds, so you'd have to get all the details from them.

4/26/2007 6:41:14 PM

Quote :

"As you get older, your parents impact on your EFC diminishes."

Age doesn't have anything to do with the EFC calculation. If you are 24years old (Or born before Jan 1, 1984 for the 2007-2008 academic year) then you are independent from your parents. Therefore only your income matters. The EFC is totally an income/asset calculation. A person who is 45 can have a lower EFC than a person who is 25, if that 42yr old makes less money than the 25yr old.

4/26/2007 6:44:34 PM

haha.. my EFC and Financial aid needed are flipped from yours

4/27/2007 1:44:46 AM

Quote :

"There are a few options available to you. If you are a dependent student, your parents may apply for a Federal Parent loan. (PLUS) In addition, you may wish to consider applying for a private loan from a lender. There are limitations as to who may apply for and/or be approved for such loan assistance."

wolfee what do you think i should do?

i'm guessing the PLUS loan is probably my best bet but i figured i'd run it by you first

my parents have money and credit...i have none of either

5/16/2007 3:25:35 PM

So I had to get a PLUS loan for the summer, and it is just now going through. Anyone 'in the know' have an idea when I will get my refund direct deposited?

5/28/2007 2:09:30 PM

june 6th

i cant say for 100 percent but thats my guess

5/28/2007 4:17:18 PM

Quote :

"So I had to get a PLUS loan for the summer, and it is just now going through. Anyone 'in the know' have an idea when I will get my refund direct deposited?"

Has it been disbursed to the cashier's office? Now that the semester has started, once they have it, you should get yours within two business days, and that's a safe, conservative guess. They're pretty good about sending out your money.

5/28/2007 4:45:41 PM

my financial aid counselor told me direct deposits are being put in on june 6th...idk if i had some strange circumstance that makes it june 6th but thats what she told me

5/28/2007 6:33:47 PM

Quote :

"my financial aid counselor told me direct deposits are being put in on june 6th...idk if i had some strange circumstance that makes it june 6th but thats what she told me"

SSII, n00b.
If he's got aid for SSI/ten week course, it'll be deposited as soon as the cashier's office is done with it.

5/28/2007 7:15:53 PM

why did you write "ss2, noob"?

I'm not taking a class second summer session but i'm not getting aid either...i paid for 2 SS1 classes but one got cancelled so there is 480 dollars that is owed to me, but she told me i would get it june 6th

i just figured if i had to wait til june 6th everyone at this point had to

they prolly want to hold on to it til the 6th to keep whatever little bit of interest they make off of it

5/28/2007 8:38:12 PM

it hasnt been processed yet, it should go through in the morning(the loan) from what they told me.

thanks for the info

5/29/2007 1:29:42 AM

so evidently PLUS loans go through on tuesdays and thursdays, and we are supposed to get the refund disbursement within 2-3 business days of that. And if you get a PLUS loan for the summer, it will be split into 2 payments if you are signed up for SS I and II.

6/5/2007 2:47:01 PM

i did all my summer session paperwork april 27th and still haven't gotten the refund. it better go through tomorrow.

6/5/2007 8:15:17 PM

supposedly i'm getting some money tomorrow

they cancelled prt 350 the day after i paid and the woman told me i'm getting it june 6...if i dont i'm going up there and talking to someone

6/5/2007 10:02:19 PM

according to the cashier's office, they sent mine through today/start of business tomorrow.

6/5/2007 10:28:46 PM

Quote :

"Date Description Term Amount 06/06/2007 Refund $480.00"

not in yet, prolly be in tomorrow

6/6/2007 5:29:25 PM

mine said 6/5, got it in the bank at 3pm today

6/6/2007 7:44:01 PM

mines in now

6/7/2007 10:43:26 AM