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treemavan:
There are lots of variables, the efc calculator at Finaid does a good job of projecting EFC for both the FAFSA federal methodology and the Profile institutional methodology.
Very broadly, however-- a parental income of 110K alone will result in a parental contribution to the EFC that exceeds the Cost of Attendance for most in-state publics (about 26K). This assumes 4 in family, one in college, older parent 52, parental assets below the asset protection allowance; also no reportable student assets, and student income under about $3500 for the year.
Using the same assumptions, the institutional methodology (Profile) will result in an EFC approaching the Cost of Attendance of most Privates with parental income of about 180K. BUT many families will have some contribution to the parental portion of the EFC from home equity, which would result in the EFC exceeding the Cost of Attendance at a much lower parental income.
Also for families with kids holding college savings in their names, the EFC rises quickly, causing the EFC to exceed the COA at a much lower parental income.
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