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My expected family contribution, or EFC, is so far 02322 (going to add more info on parents to see how that affects it, plus GW said I have to).

Anyways, I'm guessing that determines how much money I will get that doesn't have to be paid back, right?

yeah, you're going to have to pay it all back.

EFC means next to nothing for law school aid. Most schools have their own methodology for determining need; they use the actual information provided on the FAFSA rather than the final recommendation.

Oh gay. I saw a chart that said I would get $1,500 per semester in pell grants. So that doesn't apply to law school?

GeePee wrote:EFC means next to nothing for law school aid. Most schools have their own methodology for determining need; they use the actual information provided on the FAFSA rather than the final recommendation.

+1 and don't forget that for most law schools federal loans are considered to be need-based aid

So basically, need-based aid still has to be paid back? Pretty gay. I mean I know $3,000 a year isn't much but I was kind of excited.

GermX wrote:So basically, need-based aid still has to be paid back? Pretty gay. I mean I know $3,000 a year isn't much but I was kind of excited.

Yeah, like totally gay. You suck.

This is how it was explained to me (this is the first time I'm dealing with student loans).

You have to pay it all back. It's just a matter of how much is subsidized by the gov't or not. When a loan is subsidized by Uncle Sam, the gov't is paying the interest accumulated on that loan for you until you finish school (or up to 6 months after you finish/stop going to school).

The EFC amount is the amount of your Stafford loan that will not be subsidized by the gov't. For example, if your EFC is 2,000 and the Stafford Loan is gauranteed up to 20,500. $2000 of that 20,500 loan will accumulate interest of which you are responsible to pay back on top of the principal. The rest of that loan ($18,500) will accumulate interest but be paid/covered by the gov't.

And you reapply with FAFSA every year. It probably doesn't matter to the OP since he mentioned his parents. But for people like me that are independent and using their own W2's, the following years of unemployment during school will at least help with your EFC amount.

If I'm wrong, someone please let me know. I hope I'm wrong actually based on my EFC.

Well I'm 23 and I have my own job, etc..., car, but GW has asked for parent information? Should I put in parent information or should I just move ahead with my EFC 02322? Would it be beneficial to put in parent info?

GermX wrote:Well I'm 23 and I have my own job, etc..., car, but GW has asked for parent information? Should I put in parent information or should I just move ahead with my EFC 02322? Would it be beneficial to put in parent info?

I strongly suggest not providing them with the information they are asking for, that will surely end well, likely in a full ride.

lol. I've already submitted it all, just waiting for some parent income, but no way I'm getting a full-ride.

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YCrevolution wrote:

D. H2Oman wrote:

GermX wrote:Well I'm 23 and I have my own job, etc..., car, but GW has asked for parent information? Should I put in parent information or should I just move ahead with my EFC 02322? Would it be beneficial to put in parent info?

I strongly suggest not providing them with the information they are asking for, that will surely end well, likely in a full ride.

Please behave waterman.

Also, some of you are usuing "gay" incorrectly.

would i get banned if i asked you for a demonstation?

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YCrevolution wrote: Of waterman behaving or the usage of "gay?"

idk how you would demonstrate waterman behaving... edit all his posts to say helpful/nonoffensive/nontroll things?

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