<p>*the NPC calculators seem to overestimate aid even without those issues </p>
<p>Maybe I've missed the slew of threads on this but I've only seen one person stating the FA varied much from the calculator, and her family had a home business. *</p>
<p>I was referring to my "practice NPCs" that I've done (I use a phony income that is beyond Pell to avoid those grants). Some of the ones that I've done have awarded merit without asking for stats. These seem to be "best case scenarios. One OOS public that is NOT known for giving need based aid to OOS students put in a need-based grant that I'm guessing would not get awarded in a real pkg. </p>
<p>However, there have been some posts that have described rather questionable results.</p>
<p>One student reported that NYU's NPC indicated a $20k merit award and the student had very modest stats! It's common knowledge that NYU awards merit/grants to those with high stats ...typically within the top 5% of the school. </p>
<p>*Certainly the results on these NPC's should not be viewed as an accurate projection of what a FA package will look like for your family.
I realize that they can't be viewed as 100% accurate, but what is the point of having them or requiring them if they aren't even accurate within - say 20% - with accurate info being inputted and no odd situations? </p>
<p>I read SLUMom's quote differently. That it wouldn't necessarily be what an FA package would look like for your family. Meaning it would depend on the info each individual put in.
<p>???? Not sure what you're saying. Since the output is the result of what each family puts into the NPC, it should somewhat resemble what your package should look like (within about 20%...assuming correct info was submitted). </p>
<p>I did note that a few NPCs do mention that the results will be more accurate for those who don't have business income or self-employed income. Don't know if that's a new notation after the ED FA awards were shocking to some of those families. </p>
<p>I do think that when students are using the NPCs that more errors are likely to occur. They are less likely to know exact salaries, savings, investments, retirement deposits, etc. </p>
<p>Probably, the people that will get the most accurate outputs are the parents who've filled out FAFSA and CSS a few times before for older children. They're more familiar with everything.</p>