MEFA's EFC Calculator
06/21/2022
Have you tried MEFA's EFC Calculator? It's nice how it shows you on a graph how each component is affecting the EFC amount.
https://www.mefa.org/expected-family-contribution-efc-calculator
Have you tried MEFA's EFC Calculator? It's nice how it shows you on a graph how each component is affecting the EFC amount.
https://www.mefa.org/expected-family-contribution-efc-calculator
Typically you will see that most college planners will say to take the Federal Loans first (since they are really the only loans just in the student's name), but then many seem to just go to their Parent Plus or bank/credit union or Citizens/Discover for (typically) expensive loans for the rest.
After the student takes the guaranteed Federal Loans, before you do anything else,
After you research all the state and nonprofit loan options, then look at the banks etc. You should be able to enter in some basic info into Credible and get a few options/rates back.
AND check to see if your state has any student loan forgiveness programs for certain degrees - check here