Next year I'll be 24 years old so I will be considered an independent student when I submit my FAFSA. I'm almost certain my EFC will be 0. That should make me eligible for about $10,000 in stafford loans plus the $5,350 Pell grant (assuming I apply early on). That's about $15,000.
If I apply to a school that only costs say $10,000 a year, would I receive the entire $15,000, or does the school determine how much they think you'll need?
So might the school say "yes, he's eligible for $15,000, but we only think he needs $11,000 for tuition and books"?
If I apply to a school that only costs say $10,000 a year, would I receive the entire $15,000, or does the school determine how much they think you'll need?
So might the school say "yes, he's eligible for $15,000, but we only think he needs $11,000 for tuition and books"?