EFC with twins (1 using NMF scholarship)

@carmartwinmom

If your twins attend schools using the Profile, please just forget about that FAFSA EFC. The financial info onnthe Profile is what will be used to determine your family contribution and need based aid eligibility.

Having two in college at Profile schools…that family contribution is not 50/50. Each student will be paying 60% of the single EFC…at least. So using your $40,000 example…each kid would be $24,000 not $20,000. As noted above…most colleges don’t meet full financial need.

When you complete the FAFSA and Profile, you will indicate you have two in college. The financial aid formulas at the colleges will consider that in their equations. A very few colleges WILL ask what the other kid is paying. But most don’t. It’s just the number of kids in college.

Do build your twins college lists from the bottom up. Make sure they have an affordable sure thing for admission college…that they are willing to attend. Find that FIRST…for both of them.

If finances are a concern, your NMF kid has some doors open for very good merit aid. Look for schools that have that. And your commended kiddo also could be eligible for merit aid. Merit aid is NOT income or EFC dependent…and sometimes doesn’t even require the financial aid forms be completed.