University of Michigan Funding - Lots of questions

<p>I posted this in the wrong category last time...</p>

<p>I got admitted for an MS starting Fall 2005, but didn't get any aid. I really don't know much about financial aid and have the following questions:</p>

<p>1- Assuming there aren't any more assistanship positions left, what are my options for financing the next two years (which will cost me about $40k/yr)?</p>

<p>2- What loans are best?</p>

<p>3- My FAFSA EFC came out to $23k (Must be an error btw because 2 years ago it was $19k and family income/assests have not changed!) The cost of UM including housing is $40k. Does this mean that the gov't will loan me $17k or that this $17k will be like a grant and will not need to be repaid?</p>

<p>Thanks!</p>