<p>How low does an EFC need to be to receive a subsized loan?</p>
<p>Sub loan eligibility is determined as follows: COA - EFC - scholarships - grants - work study (if school policy is to award work study before awarding loans) - Perkins loans (if you are lucky enough to score one) = Need for purposes of awarding sub loan. Up to $3500 may be sub for a freshman. If Need is less than $3500, the student would get less sub. If Need is more than $3500, the student still only gets $3500 (because it’s the max).</p>
<p>That said, there is no set EFC … it depends on the COA, the EFC, and any other aid the student brings to the table.</p>
<p>So most likely in this students case, if the the EFC is 7311 and the community college cost is less than $6,000 annually, there is not likely to be a subsidized offer but if the student attended a public university and the cost was $16,000 annually there would likely be a subsidized loan amount offered, correct?</p>
<p>Yes that is right, (assuming there is not other aid that reduces the ‘need’ at the public university, for instance scholarships etc).</p>
<p>Thank you.</p>