<p>Wait, so the cut off for UVa 'low income' is 13573? That means that people with EFC's under this amount will have a reduced loan?</p>
<p>Man, when I read that UVa wouldn't let you graduate with over 19k in debt, I was very excited, but I didn't realize that doesn't include loans I will have to take out if my family can't meet the EFC... I haven't gotten my aid packet yet (just sent in the missing form) but I am already starting to wonder, is UVa worth 40k in debt when I could graduate from VT with 1/3 that?..</p>
<p>no I'm saying if your EFC is more than 13573, you obviously do not have to take 6k loan because you can pay it by yourself.
19573 (IS expense) - 6000(loan) = 13573 = your EFC + grant.</p>
<p>the EFC for "UVa low-income" is <2k, i think, and if your EFC is <2k, you get reduced loan.</p>
<p>again the good thing about UVa is that there is a loan cap. you will automatically get grant after the loan hits the limit of 19k.</p>
<p>That sounds awesome. I mean UW's giving me $25K in loans and that's just for a year. ***'s that? So that's out of the picture definitely. I hope UVA's gonna give me a really good financial aid package. My family's EFC is way way <2K, and I might even be qualified for AccessUVA...which is a really good thing for me. We're pretty well off here in the Philippines, but if you convert all that to US currency though.. Anyway, it's a good thing I'm an American citizen. I really want to go to UVA.</p>
<p>Joanee49: UVa has another method of calculating EFC and the calculation is kind of odd. no other school makes my family contribution over 1000, but UVa makes it 5000.
so... just wait...</p>
<p>If there is a form missing, does that mean that aid will be zero to very little because the money has been handed out to people last week? Aww... :(</p>
<p>My daughter will be joining the University of Virginia (undergrad) beginning this fall. She is extremely concerned about the 'Cost' and the ultimate burden on the family. While as a parent, I have tried to convince her that the family is willing to forgo all other priorities, for the sake of her education, she is keen that at least a part of the total cost, should be financed by taking loan in her name, with me as guarantor. The problem is that she is an international student, and I don't have any bank account in the USA, to act as a guarantor. </p>
<p>I would request to all those who are familiar with the loan process, may kindly advise me on how to secure the loan, if possible.Hope, you would appreciate the predicament of mine, as a parent, and advise me on the best course of action.</p>
<p>
[QUOTE]
If there is a form missing, does that mean that aid will be zero to very little because the money has been handed out to people last week?
[/QUOTE]
I don't think so.</p>
<p>When we were over in the SFS office, there were lists of students with a status that needed attention. Many of them had estimated numbers based on the forms that had arrived, but the office can't finalize the packages until all the forms arrive. </p>
<p>By the way, in the three hours or so we were helping SFS, I only got about 25 people on the phone to talk to them about their package. Many never answered the phone and no voicemail/anwering machine seemed present. If you get a call from a 434 phone number and get email from a virginia.edu email address, answer it!</p>
<p>All, these questions can only really be answered properly by the experts. The experts are not on College Confidential.</p>
<p>IhateCR:
Thanks for the information. Even though I expressed concern to the young lady with SFS over loan amounts...& told her that it seemed that over a 4 yr. period the amounts would exceed the published "cap"...I was never told that loans would not exceed $19,000.<br>
This certainly has been a stressful month...<br>
Speaking as a mom (for all the moms & dads out there), I know we just want the very best educational opportunities for our kids.
This will all work out fine, eventually! Thanks everyone.</p>
<p>FYI, they tend to "front load" the loans so the the 4th year (and sometimes the 3rd) package is majority or all grant. Not being a financial aid person, I can't tell you why this is done. It might be something to look into if your loan amount looks odd.</p>
<p>If I had to guess, I'd say they "front load" the loans so that if you decide to transfer, the school isn't out the grant money. No one is really looking to transfer their 3rd or 4th year.</p>
<p>Or a more optomistic view, tuition is cheaper your first two years--I'd rather take out loans on the first two years than the last two--save the person paying them back a little bit of $.</p>
<p>How receptive is the SFS office to appeal requests if you have some evidence of peer schools with either greater FA or fewer loans (more grant)?</p>
<p>I recently received my financial package and was disappointed... My family's income is 70k a year but the EFC came out to be around 17k. It seems kind of high but I am not totally sure. Compared to your FA packages, does my EFC seem too high, or is it in line with everyone else's EFC? I applied early, so is it possible that the school set my EFC higher than it would normally be knowing I would go to UVA anyways?
Also, I didn't sign up for federal work-study on my FAFSA form, but I am interested in participating in that program now. Is it too late to do so, or can I still call the UVA financial aid office and enroll in the program?</p>
<p>they said their calculation of EFC is different, and this is why I'm emphasizing it is "UVa EFC" lol. It combines your assets, your income, and other stuffs. My EFC is so much more than my income. duh.</p>
<p>My family's income is about 70k as well, but my efc was 10k. But, I think that UVa calculates everything differently, like IhateCR said. For work study, I think you have to be given it in your financial aid package. I signed up for it on FAFSA, but UVa didn't give it to me. I think you should call the financial aid office just to work out any problems or try to get more aid, ajk_UVA11.</p>
<p>We are out of state.. Valedictorian son. 13 AP's, blah. blah. blah....
NO FINANCIAL AID. UVa did not offer one cent to him.</p>
<p>As far as WORK STUDY.. Be grateful you are not getting it. Work study LIMITS the amount you can earn by putting a cap on it. When you reach that amount you are no longer allowed to work on campus. If you are not work study, you can get the same job and work as many hrs as you want with no yearly limit on amount earned. (At least that was the way it was when I was in school).</p>
<p>Good luck to all of you.
At this time my son accepted a full ride to another school.</p>
<p>Oh my gosh. I emailed UVA and they emailed me their financial aid package and I'm so so happy!! I'm going to UVA.</p>
<p>I got about $30K in grants, $6K in loans, and $2K in work study...which is weird, because UVA costs around $35,200 and that's too much. So I'm just gonna wait for the official financial aid letter. Anyway, it's still looks good. My dad's okay with the loans and stuff so I'm definitely going. I don't know how much is my EFC though. Haha</p>