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How much difference does 1500 dollars make in my EFC?

ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
If I say I can pay 8k compared to 9.5k, how much of an effect will that have? Is that almost negligible? international student
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Replies to: How much difference does 1500 dollars make in my EFC?

  • thumper1thumper1 73027 replies3179 discussionsRegistered User Posts: 76,206 Senior Member
    This is what you SAY you can pay?

    That makes NO difference in terms of the financial aid calculations. You could put $0 or $100,000. Doesn’t matter.

    The colleges will compute your need based aid based on the income and assets provided on your financial aid application forms.
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    edited December 2018
    @thumper1
    Yes, thats my EFC , the amount I've said I'll pay.
    Are you sure that the colleges will calculate my aid ? Don't they care about the EFC at all?
    edited December 2018
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  • thumper1thumper1 73027 replies3179 discussionsRegistered User Posts: 76,206 Senior Member
    What EFC are you talking about? EFC is. FAFSA term. You are an international student and you can’t file a FAFSA.

    Yes...the colleges WILL calculate your family contribution based on the financial data you provide on the Profile. That is what matters.

    The amount you SAY you can pay is not considered in their calculations. The colleges consider income and assets.

    Is this “EFC” amount what a college net price calculator says your family will pay? If so...be aware that the net price calculators are not often accurate for international students.
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  • BelknapPointBelknapPoint 4297 replies16 discussionsRegistered User Posts: 4,313 Senior Member
    Yes, thats my EFC , the amount I've said I'll pay.
    Are you sure that the colleges will calculate my aid ? Don't they care about the EFC at all?

    EFC (Expected Family Contribution) is not a number that you as the student come up with. In your case, it will be a number that each school determines, based on financial information that you provide.
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    edited December 2018
    @thumper1 CSS profile also has an EFC box where we write down our expected family contribution.. That means that we , as students, come up with a number that we can pay in the form while also filling up other details, such as income, tax paid, pension etc.
    internationals are required to file a CSS profile or an ISFAA form
    edited December 2018
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    edited December 2018
    @BelknapPoint We need to enter the expected amount we can pay in the CSS profile.
    Seems like its a bit different for internationals.
    edited December 2018
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    There is this question in the CSS profile " How much does the student expect to receive from the following sources to pay for educational expenses for the 2019-20 academic year?"
    And then we enter the numbers.
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  • mom2collegekidsmom2collegekids 83917 replies1003 discussionsForum Champion Financial Aid, Forum Champion Alabama Posts: 84,920 Forum Champion
    Well, if you’re putting on your CSS Profile that you can pay $9500, all that is saying is that you can pay for your international travel to and from the US, your health insurance, and your personal expenses and maybe books.

    It’s basically saying that you can pay NOTHING towards your education, your dorm, your meal plan, your school fees.
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  • thumper1thumper1 73027 replies3179 discussionsRegistered User Posts: 76,206 Senior Member
    CSS profile also has an EFC box where we write down our expected family contribution

    That is NOT your college family contribution...it’s not.

    THAT little box is an informational one only...and is NOT used to compute what the college believes you can pay.

    The college will use the OTHER financial data on the Profile...income, assets, etc. to determine what the college feels you can pay.

    You can put any number you choose in that box on the Profile...and it won’t matter.

    And for the record...that question is on all Profile forms...not just for international students.
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    @mom2collegekids well the 9500 is towards my educational expenses i.e. out of the 68,000 dollars it costs for many private schools, I can pay 9500.
    It says " How much does the student expect to receive from the following sources to pay for educational expenses "
    Emergency expenses and personal expenses are not included imo
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  • ItsComingHomeItsComingHome 31 replies9 discussionsRegistered User Posts: 40 Junior Member
    @thumper1 alright,thanks
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  • thumper1thumper1 73027 replies3179 discussionsRegistered User Posts: 76,206 Senior Member
    @ItsComingHome
    Emergency expenses and personal expenses are not included imo

    YOU need to include these costs because you WILL be expected to pay them. Add in health insurance which also isn’t usually included in the college cost of attendance....you will be required to have that as well.

    And at the end of all this...you will be required to submit a verification of finances that shows that you have at least one year of expenses for college fully covered. Some schools require more years. You will need this to get a visa to study here. And yes...financial aid you receive can be included in this.

    Hoping you have an affordable option in your country on your list as well.

    IIRC, you were applying to over 20 colleges...but needed fee waivers for applications and the Profile.

    Remember too...you will need to submit the SAT or ACT and TOEFL...to each college...and there is a fee for that too.
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  • oscar63oscar63 367 replies4 discussionsRegistered User Posts: 371 Member
    If your EFC is more than your family can actually or is willing to pay ( I know that is the number determined), what next? Can you negotiate that number to be lower or takw out more loans to cover?
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  • thumper1thumper1 73027 replies3179 discussionsRegistered User Posts: 76,206 Senior Member
    @oscar63

    This is an international student. What loans do you think HE can get himself?

    If you are asking for yourself...perhaps start another thread.
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  • austinmshauriaustinmshauri 8427 replies305 discussionsRegistered User Posts: 8,732 Senior Member
    Colleges use that box to see how much families can pay, but most don't commit to making up the difference. So if you're looking at schools that cost $68,000 and you can only pay $8k the school knows you have a gap of $60,000. That doesn't mean they'll give you $60k/year in aid. Most colleges can't afford that.

    If they're need aware they may pick a student whose family can pay more. Or they may accept students who need a lot of money but not offer them much aid and leave it up to the family to figure out how to pay. It works the same for US students. Most commute to a local school because their families can't afford to pay for residential college and most schools don't offer enough aid to bridge the gap. We generally tell all students to have financial safeties. If there are affordable schools closer to home you should probably apply there too.
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