I am applying for Graduate School and hoping to secure all of the 20,500 that is available for direc

at the Graduate level...I have filled out my FAFSA and it says that my EFC is 7641....Is that a good number in hopes of securing as much as the 20,500 as possible ? Are there any financial aid gurus here that know this ? Thanks!

I am applying for Graduate School and hoping to secure all of the 20,500 that is available for direct loans?

In order for you to receive the max loan amount of $20,500, your Cost of Attendance would have to be at least that much(each schools COA is different) AND your EFC would have to be zero.

So to get an estimate of the amount you can borrow you need to find out your schools cost of attendance. Usually schools have this information posted on their website. Note: this is not the amount of your tuition, books and fees. Look for a figure posted that includes such things as transportation, room and board and personal.

If this amount is more than $20,500 then you would subtract that amount from your efc. Example: (7641- 20,500 = 12,859) and this MIGHT be a good estimate of the maximum you can borrow.

If the cost of attendance at your school is less - say 12,000, then theoretically the max amount you could borrow would be (7641-12,000 = $4,359). This is just a logical guess and I could certainly be wrong, you would need to talk to the fin aid office to be sure.

Good Luck.

I am applying for Graduate School and hoping to secure all of the 20,500 that is available for direct loans?

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