<p>Since my husband and I did not go to college I am confused how the loans/grants/scholarships work.</p>
<p>Here is the deal:</p>
<p>My son just found out he got a 3K scholarship, we are hoping it is the first of a few he applied to. </p>
<p>Our EFC is 8K, he received 10K in grants and approx 7K in Stafford loans. </p>
<p>With the scholarship money, can it be used towards our EFC first, second loans then grants?</p>
<p>yeeeeep. thats how it works. all you need to do is notify the uw and theyll handle it. you let them know you have the 3k scholarship and theyll subtract it from your efc, or current remaining need is the same thing, so then lets say you get enough scholarships to cover all your current remaining aid, theyll then subtract the money from your loans first before your grants. they wont screw you over and subtract the grants and stick you with loans.</p>