<p>Hi I am a student at usc. My efc is about 5000.
We bring in about 27k a year, no real estate,assets or anything of the sort, so we are pretty much low-income broke. </p>
<p>My question is, we are seriously considering a foster child/ adoption of a foster child (grade school-middle school age), and are wondering if the $6000 federal stipend/check a year FOR PURPOSES SOLELY FOR THE CHILD…(.ie food,clothes,toys) (I DONT KNOW IF ITS CONSIDERED INCOME??)
will affect my EFC?..</p>
<p>IF it does affect the EFC a whole lot, then we probably might need to reconsider the foster/adopting a foster child…:(</p>
<p>I think that is such a specific and unusual question that no one here knows the answer. I’d strongly recommend that you contact USC’s Financial Aid office and ask them. It would be terribly sad if you were unable to foster or adopt for this reason. I hope it works out for you.</p>
<p>Our Fost/adopt and aid to adoptive families payments had no impact on our EFC. Once the adoption was finalized there was a small impact from the reduced taxes as a result of the tax credit. Having an additional dependant and another child to put through college should lower your EFC more than the slight increase from the tax credit. Good luck!!!</p>