<p>Hi everyone! I was just wondering if the loan cap program thing is really what i'm thinking it is. If your parents earn less than 100,000, then the max in loans that you can accumulate over the four years is 15,000 and the rest will be covered by Emory (right?). Also, i'm really uncertain if i want to go out of state, any advice?</p>
<p>Correct, but that 15,000 is in addition to your EFC</p>
<p>In addition I think there is an asset test.</p>
<p>what is EFC?</p>
<p>Expected Family Contribution.... how much money they expect you to pay per year based on income and other stuff</p>
<p>suppose that my EFC is 20,000...so the cost of 4 years at emory would be 80,000 + the 15,000?</p>
<p>from what I have been told by the folks at the fin aid office, yes... although you may not get to 15,000 in loans, that is just the number it is capped at for the 50,000 to 100,000 income</p>
<p>wow...maybe emory is too expensive for me...thanks egghead9033</p>
<p>That's the feeling I'm getting about myself as well</p>
<p>it looks like their new loan cap program doesn't really make much of a difference...right?</p>
<p>From what I can see I would agree</p>
<p>Basically what it does is it means they jack up your EFC as they calculate it so you don't need the loans (even if you do).</p>