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The amount of direct Stafford loans that a student may receive each year is based on his or her is option b. estimated family contribution (efc).
What is the estimated family contribution (EFC)?
Your Expected Family Contribution (EFC) is an index wide variety that faculties use to decide how tons economic resource you are eligible to receive. Your EFC is calculated in line with a system mounted through regulation and the facts out of your Free Application for Federal Student Aid (FAFSA).
Stafford loans are a form of federal pupil mortgage which can be both subsidized – the authorities can pay the hobby whilst you are in school – or unsubsidized – you pay all of the hobby.
Read more about the Stafford loans:
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