<p>I was reviewing past threads I was just confused about the language about what has been said about loan caps; even though it "goes up every year," I assume that's just inflation-adjustment and that it's for all four years and not a per/year cap, right?</p>
<p>The loan cap is set at one year's total instate cost of attendance. I'm not sure if that number is equal to the instate cost of your first year or the instate cost of your last year, or some sort of average.</p>
<p>My loans for this year is 6,000 dollars but they say my loan cap is 22k -- so I assume that the average loans per year for the next 3 years will be slightly less, if they mean 22k total for four years?</p>
<p>And I'm just making sure the loan cap is a cap for total loans for <em>all</em> four years, rather than a limit imposed for each year?</p>
<p>The loan cap is the total for all four years. </p>
<p>Assume that the Stafford loan limit increases by $1,000 in Year 2, and another $1,000 for Year 3.</p>
<p>That means, assuming your EFC doesn't increase faster than the cost of attendance each year, that in year 2, you will take an additional $7,000 in loans in Year 2 and $8.000 in Year 3. In Year 4, you will hit the cap, so you will only take out an additional $1,000 in loans that year.</p>
<p>Yea, don't forget that all of this is relative to EFC.</p>
<p>Ahh thanks, I didn't exactly get what was increasing and what was being held constant. Now it's clearer! :) </p>
<p>
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That means, assuming your EFC doesn't increase faster than the cost of attendance each year
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</p>
<p>Salary, or EFC?</p>
<p>I mean salary increases that occur for inflation-adjustment reasons will be balanced with increased costs of attendance (not that it's a good thing) -- so long as both are affected proportionally by inflation, so net EFC shouldn't be changed?</p>
<p>If say my mother's income might be increased by a substantial portion next year due to a potential promotion she's applying for, how much will the EFC increase be -- is there a rough ratio?</p>
<p>You're beating this to death.</p>
<p>Sorry, I'm not purposely trying to be annoying -- I just want to confirm things. :(</p>