Simple Questions about the FAFSA

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<p>However, if you do not, please understand that you may have to borrow a lot in order to afford it. They most likely will not offer you enough in just grants and loans to bridge the gap between the cost of attendance and your expected family contribution.>></p>
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<p>When you say “a lot”, how much do you mean by a lot? Does it mean that I still have to pay like 10k a year assuming UM cost 50k a year. </p>

<p>And do you mean by “Carnegie Mellon meets 82% of need”. Does that mean I only have to pay 18 percent of the cost? </p>

<p>I am also wondering if the FAFSA covers room and board as well. </p>

<p>Thanks for the fast replies, I will start on the financial aid things today.</p>