Private College Student Loan

How much will I qualify in Federal Student Loans?

At the Community College I'm going to, the Total Cost of Attendance is about $4,200. My EFC is 11730. I don't qualify for the Pell Grant but I do qualify for Low-Interest Federal Student Loans. I'm looking at the type of Federal Loans I qualify for. They are: -Federal Perkins Loan (Undergrad students up to $5,500) -Direct Subsidized Stafford Loan (Between $3,500-$8,500) -Direct Unsubsidized Stafford Loan (Between $5,500-$20,500) -Direct PLUS Loans for Parents (Maximum amount is cost of attendance minus financial minus any other financial aid the student receives) Do you know the amount I will be allowed to take out in Federal Student Loans with my EFC? Please, no links or 'copy n paste'. Thanks

Public Comments

1. The amount of loans you can take out is not dependent on your EFC. They are dependent on your year in school and whether you are dependent or independent. As a dependent student you can borrow up to $5500. Where your EFC comes in to play is when determining how much of this (if any) is subsidized. Your EFC is too high for a perkins loan. I do not know for sure how much you will get in subsidized vs. unsubsidized stafford money. But, it will equal $5500 total if you are a first year dependent student.