<p>I logged into my financial aid for the 2012-2013 school year. Cost of Attendance is shown as 24,554. Our EFC from this year of 1254 has been deducted from this. There is an outside resource section that indicates 0 dollars. My final need is determined to be 23,300. However I receive 5500 scholarship from the state (only 1500 of which is need based, the rest if merit) and a Pell Grant of 4,300. If you deduct this I remain at an additional need of 13,500. I assume my access to 2,000 dollars worth of unsub isn’t included in this? Even though I don’t spend anywhere NEAR 24,000 a year on school I assume the way they look at it I have 13,500 of need left and thus will receive the full 5,500 subsidized loan I am eligible. </p>
<p>To give myself a rough estimate of what our EFC will be based off of what we plan on doing in 2013 (including my own personal income of potentially 12,000) I used this calculator: </p>
<p>[FinAid</a> | Calculators | Expected Family Contribution (EFC) and Financial Aid](<a href=“Your Guide for College Financial Aid - Finaid”>Expected Family Contribution (EFC) Calculator - Finaid) </p>
<p>I obtained an EFC of 6897 dollars. We’ll assume 2012-2013 COA at my school is the same (even though I know it will be higher). This means 24554 minus EFC of 6897 gives me a need of 17657. Now deduct 4000 from my state scholarship (assuming I’ve lost the 1500 need based portion based off an income exceeding 36,000) and deduct nothing from Pell Grant assuming I do not receive one and we end up 13657 which means my actual need will show up as being higher without these things and there’s really no way I will not receive the full 5,500 on subsidized stafford. Please let me know if I have done this correctly. One assumption I’ve made is that the withdraws from my dads TDA only show up as income and nothing else. Will these withdraws somehow make a larger contribution to the EFC than just regular income or will it be the same? I also included in the income a potential 6,000 dollar pension my mother MIGHT receive in 2013, I did not include this in my original post since it’s still up in the air, but I treated it as if it will show simply as income.</p>