Accepted into my ED school and received my package. My predicted family contribution (I only live with my mother, whom I’m dependent on only) is about $1,900, after calculating work-study, Federal Subsidized Loan, Federal Unsubsidized Loan, and Federal Perkins Loan. I’m a financially need student (the school’s financial officer even said that my school’s grant is the biggest he has ever seen) and want to avoid this unsubsidized loan ($2000) from accumulating over the matter of four years.
So will this if I take this approach, will my family contribution raised to $3,900 after calculating an additional $2000, in order to avoid the unsubsidized loan. And I will get the $2000 from family members.