Fin Aid out!

northeastmom
Sat, 25 Mar 2006 19:51:01 +0000

I would think so. Lets say your EFC is 10,000 and a school costs 15,000 (COA). Lets say that your D gets 5,000 in merit scholarships. Those scholarships do not usually reduce your expected family contribution (EFC). It reduces the financial need (which was 5,000 in this example; COA-EFC=financial need). In this example your D would probably not get any aid, because financial need would be met by the merit scholarship of 5,000.

You might ask, well what good is the merit scholarship. The answer is that if she did not get that scholarship and the financial need were 5,000- she would be offered a package that might include loans, grants, and workstudy.

I hope this helps.