I’m a father of a HS freshman, and am trying to find out some details of how FA works.
The UW NPC estimator only estimates for “traditional” (aka rent/dorm/frat) students and spits out the following for our situation
2K EFC, 0K Work Study
LOANS: 3.5K Federal Subsidized Stafford, 2K Federal Unsubsidized Stafford, 2.6K Federal Parent, 0k Perkins
LOAN TOTAL: 8.1K
GRANTS: 3.9K Federal Pell Grant, 9.3K State Need Grant, 2.6K Other Grants
GRANT TOTAL 15.8K
The problem is, I’d like to know how these figures would be if my kid lived at home instead. The UW NPC does not calc for that, and the UW FA office won’t answer the question for me (I’ve emailed them three times on it, and I just get vague non-answers).
Now, the housing allowance for “traditional” (aka renting) students seems to be about 8K. That’s easy to calculate from https://www.washington.edu/financialaid/getting-started/student-budgets/. So of course I assume the total amount of the live-at-home FA package would be about 8K less. My question is, would this 8K come ONLY out of my estimated 8.1K of loans, or out of BOTH the loans and the grants? And if out of both, then in what proportion?
I’m sure this must be a standard problem for the FA office when students change their residence from “traditional” to live-at-home.