thumper1 wrote: »
If you got a $107,000 EFC for each of your kids...
1. You have a HUGE income and assets.
2. You made a mistake.
A $107,000 EFC for ONE student would indicate that you have an income that exceeds $350,000 a year and/or have significant assets. With that being the number for 2 kids, your income would be well over $600,000 a year. Is that the case?
But here is the good news...there is NO college that costs $107,000 a year. If your EFC is that high per kid...you will be full pay anywhere in terms of need based aid.
Is your income really that high with significant assets...or did you make a mistake.
Sybylla wrote: »
LOL. I am not sure I would be game to post this. You have nearly 2 million in fungible non retirement spending money. That IS for college LOL. You have a lot of threads going back a while, this could not possibly be a surprise? Say the EFC was halved, you would still be full pay almost anywhere worth going to, what is the actual surprise?
A certain amount of assets is exempted from the calculation based on the age of the oldest parent