<p>ohh, i see it. i didn't see it in the same format as malishka's, so i was confused. also the fact that my eFAN is unfortunately very short :(threw me off. </p>
<p>eFAN: Grants & Scholarships: SELF REPORTED AWARDS $1,000.00
Loans & Work Study: FED UNSUB STAF LOAN $1,833.33</p>
<p>bfired2: mine's shorter</p>
<p>the efan doesnt directly account for what you have on bar right now..well thats the way it is for me.
anybody paying interest on their unsub stafford loan while in school? can you tell me who you need to talk to if you want to pay interst?</p>
<p>Of course not... because you haven't accepted your latest eFAN yet and/or they haven't processed it yet!</p>
<p>bfired2, you get UNSUB, are you an independant student?</p>
<p>No, but my EFC is $23,000. Why are you paying interest for your loans during school? Wasn't there an option on your MPN to not pay during school?</p>
<p>but i want to pay the interest.
and emmeline: i did accept the latest efan..and it was a while ago...but its ok</p>
<p>Oh sorry I was thinking about the latest grants.</p>
<p>No grants = your guy's parents have $$$.</p>
<p>my efc is 0 . </p>
<p>i plan on paying for my loan during school, 50 bucks a month or somethin glike that, it helps a TON.</p>
<p>no grants doesn't necessarily mean $$$...it seems the FAFSA is based on your parent's GROSS income</p>
<p>FAFSA uses a formula to calculate the Expected Family Contribution (EFC), which UCLA uses to structure an aid package. The aid package covers most of the difference between the Cost of Attendance (COA) and the EFC through loans, grants, scholarships, and work study.</p>
<p>The formula used based on FASA input takes into consideration the:</p>
<p>Parent's income (basically AGI above an allowance)
Parent's assets (checking, savings, stocks, bonds, business assets above an allowance, second home; but excludes retirement accounts, principal home equity, and non-liquid assets like cars and furniture)
Student's income (generally, income above 2,800 gets assessed)
Student's assets (student doesn't get an allowance, so liquid assets start getting assessed at the first dollar)</p>
<p>Other considerations include the age of the older parent, number of children in the household, number of parents, and number of children in college at the same time.</p>
<p>So it's a bit simplistic to say that FAFSA is based on parent's Gross income, alghough Parent's AGI is probably the biggest factor for most families.</p>
<p>my efc ended up being around 88,000 which is complete bs...there are soo many more factors to take into consideration when considering a financial aid package...thats all i have to say on the matter</p>
<p>how the hell is your EFC 88K if cost for one year in UCLA is around 23K...</p>
<p>EFC is calculated by the formula, using the factors indicated above, without regard for the cost of attendance at a particular school. An EFC of 88K would indicate very substantial income or assets. And, obviously, no need-based aid.</p>
<p>Jason's (or Jason's parent's) taxes will help subsidize the educations of more needy students.</p>
<p>The EFC is independent of the cost of attending UCLA. Its just a number calculated through the things sblake7 said. Through those calculations, the EFC Jason has is 88k.</p>
<p>
[quote]
The EFC is independent of the cost of attending UCLA.
[/quote]
</p>
<p>I was talking about the EFC they calculate for you in UCLA's eFan...which is what I thought he meant</p>
<p>It's the same thing.</p>
<p>The EFC that UCLA uses is the EFC that's calculated from the FAFSA input, and which is on each student's SAR. The FinAid officers can make some 'professional judgement' adjustments in unusual cases, but the EFC is the EFC.</p>
<p>ya I just noticed that</p>
<p>where is th e"generate new efan " button, i dont see it on my efan, i looked everywehre</p>