How do Siblings Play into the Equation

Dbate
Sun, 06 Jul 2008 02:53:56 +0000

So i was filling out the EFC calculator on college board (i assume it is fairly trustworthy) and it said my expected parent contribution would about $10,000, my parents combined make 117K. On the breakdown it said that for one child in college my parents would contribute like 20K, but bc it is 2 it is only 10K. Is this how it works? Do they really divide by the number in college, bc my sophomore year of college there will be three of us. Please i don’t know much about this, could anyone help?