Daughter accepted-cost question

<p>My daughter found out today that she has been accepted to UCF fall term 2012. From the EFC calculators our EFC is ~15000. She has a FL pre-paid tuition plan (no dorm and fee differential) is on track for the 100% Bright Futures. Does anyone know about how much in loans we will need to take out to cover her college costs?</p>

<p>The cost of attendance at UCF for this year is approximately $18,000. Tuition per credit hour is $103.32, which would be covered by your FL Prepaid. With fees and differential added, per credit hour is $186.13. Bright Futures pays $101.00 per credit hour. So it looks like you should have a credit of $204.32 per credit hour, leaving $18.00 per credit hour, which can be used for books or whatever. Room and Board is $8,600, so if your daughter takes the maximum Stafford Loan of $5,500, that would leave an additional $3,100. This figure does not include costs of transportation, personal expenses or books, which will vary for each student.</p>