GradPlus, I just don't get it

[knicksfan0323]

I don't really have time to sift through the Grad Plus Questions & Answers Thread so I thought I would ask my two question here:

Does the EFC from the FAFSA have any impact on this loan? Like will I be able to borrow up to my total cost of attendence less any other financial aid, but not including my EFC?

Does this get paid directly to me or my school - I did not apply using my schools "preferred lender"?

Thanks in advance!

[The Poster]

I don't really have time to sift through the Grad Plus Questions & Answers Thread so I thought I would ask my two question here:

Does the EFC from the FAFSA have any impact on this loan? Like will I be able to borrow up to my total cost of attendence less any other financial aid, but not including my EFC?

Does this get paid directly to me or my school - I did not apply using my schools "preferred lender"?

Thanks in advance!

1. Gradplus functions like any "alternative" loan...you can borrow up to the total budget set by your school minus any other aid you have gotten. you can also use it to borrow your EFC amount.

2. I think it goes to the school first, and the school with give you any excess. I'm pretty sure that is the same for all schools.