How is my EFC calculated?
The EFC, or Expected Family Contribution is the amount you and your family is expected to contribute towards college education.
The federal government gives you an official federal EFC calculation after you have complete the FAFSA form. This calculation determines family resources available from a family’s income (less allowances for taxes and living expenses) and assets [...]
Can I repay the PLUS loan early? Are there penalties?
Yes! You can repay the Parent PLUS Loan early without any penalties.
There are never any pre-payment penalties for Parent Plus loans. If you pay the loan in full you will not be responsible for any future interest, and you will not be charged with any penalties.
If only all loans were like this!
[...]
