How much aid can I get realistically?

mom2collegekids
Sat, 11 Oct 2014 04:11:12 +0000

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I know FAFSA expects something around 6% of assets/year minus a 50k or so “nest egg” which would put my EFC around 27k + whatever they expect us to pay based on income. So I’m expecting around 35 to 40k EFC. But with me and my sister both that’s 70-80k a year which










Ok…so you’ve figured that $27k of total EFC will be from assets.

With that income, EFC will be about $50k. So, $50k from income and $27k from assets, would be an EFC of almost $80k. But, then the EFC splits per child.

HOWEVER, CSS Profile schools do not do a 50/50 split. They do a 60/60 split. So, with two in college at the same time, the TOTAL “family contribution” could be more than $80k per year.

However, if you get into HYP or S, then they are more generous.

Which schools are you and twin doing ED???