How will sibling graduation affect my EFC?

thumper1
Sun, 21 Feb 2010 07:23:24 +0000

You can ask at the colleges…but I would not expect them to say “sure…when your sibling graduates from college, your need will be the same and we’ll give you the same amount of need based aid.” That’s just not likely. You need to apply for need based aid annually and if your circumstances change, so does your need, and therefore likely your aid.

What you SHOULD ask is if any of the aid your are receiving is merit in nature. DD got a grant to school and we were concerned that she would lose it when DS graduated. This came as part of a need based financial aid “package”. Oddly, at her school, some “grants” are a combination of need and merit. She was assured that if she kept a certain GPA, she would NOT lose her grant for the full four years. We got that in WRITING. To be honest, we were mighty surprised!!!