How much aid can I get realistically?

damara
Sat, 11 Oct 2014 07:03:55 +0000

Okay, did a little research and yes, it’s only home equity capped, but they cap it at 1.2x income so hopefully that will help a little bit. BUT Profile (and therefore Consensus) is actually a little more lenient with only 5% of assets expected to go to the student, not 5.6 like FAFSA, which was my mistake. Not much of a big difference there, though.

So I assumed income EFC from this chart http://www.stratagee.com/resources/efc_quick_reference/1213_efc_quick_reference.html which says around 30k based on our income, so that plus assets would be a total of 60k EFC, then a 60/60 split if my sister went to a similarly priced school would be around a 36k EFC total for me…? Am I calculating this correctly?

And when they say they expect 5% of assets do they mean including primary home value or no?

We turn 18 in April.