Early Decision and Financial Aid

Chedva
Sun, 22 Jul 2007 18:16:14 +0000

nyc:

EFC is not set by the indiv shcs and you will know your EFC before the ED admissions decisions are announced in Dec.



That’s only true if you’re applying to a FAFSA only (usually state) school. Then your EFC is what the FAFSA says it is.

But if you’re applying to schools that also use the PROFILE, then all bets are off. Individual schools do, in fact, use different pieces of parental assets, such as home equity, differently. They do their own individual calculations for parental EFC, and you don’t know what that is until you actually get your award.